What is the typical shape of a total product curve?

a. An S-shape
b. A U-shape
c. An inverted U-shape
d. A constantly increasing line
e. A constantly decreasing line

Ans: c. An inverted U-shape

Economics

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Managers of profit centers earn more when their divisions

a. increase their sales and increase their costs b. decrease their sales and increase their costs c. decrease the costs of the components for which they are responsible d. increase the costs of the components for which they are responsible

Economics

The inflation rate for a given year is found by taking the percentage change in the Consumer Price Index (CPI) from the base year to the year in question

a. True b. False

Economics