What is the per capita income of Genovia if its gross domestic product is $4,000,000 and total population is 20,000?

The marginal product is the incremental change in total output that can be obtained from the use of one more unit of an input in the production process, while holding constant all other inputs

a. True b. False Indicate whether the statement is true or false

Which of the following best describes a tradeoff?

a. An office executive enrolling into a management course to develop her skills. b. An investor buying stocks of a start-up company. c. A businessman investing a portion of company's profit in research and development. d. A college student sacrificing a few hours of study time to work at the town cafeteria. e. A worker purchasing a new car with her bonus earnings.