If a firm experiences diminishing marginal productivity of labor, the marginal product
a. increases as total product increases.
b. decreases as total product increases.
c. increases as total product decreases.
d. decreases as total product decreases.
b
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Borrowing to pay for long-lived capital expenditures makes sense as
A) the benefits are received in the current year so the burden of paying for them should be spread over many years. B) the benefits are received in the current year so the burden of paying for them should be paid in the current year. C) the benefits are received over many years so the burden of paying for them should be spread over many years. D) the benefits are received over many years so the burden of paying for them should be paid in the current year.
What is the approximate number of Americans who have jobs?
a. 144 million b. 200 million c. 290 million d. 310 million e. 3.1 billion