Suppose a manager of a company is told by his staff that marginal productivity has risen above the average productivity over the last six months of operation
What can this manager conclude is happening to the overall average productivity of the company? Explain.
The average productivity must also be rising. The reason is that if marginal productivity has risen above the average productivity this will simply pull up the average.
Economics
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Which of the following describes the reason why scarcity exists?
A. Governments make bad economic decisions. B. The gap between the rich and the poor is too wide. C. Wants exceed the resources available to satisfy them. D. There is too much unemployment.
Economics
In the short run, some costs are fixed
a. True b. False Indicate whether the statement is true or false
Economics