You have data for the amount of rainfall in 50 cities for the month of June. The type of graph to best display these data would be a
A) multi-variable time series graph.
B) trend-line diagram.
C) time-series graph.
D) scatter diagram.
E) cross-section graph.
E
Economics
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Once production has reached the maximum average product of labor, if production increases then
A) average fixed cost rises. B) total costs decrease. C) total product decreases. D) decreasing marginal returns occur. E) the plant size must be increased.
Economics
C = $5 million + 0.9(1 - 0.1)Y I = $7 million G = $6 million NX = $1 million Based on the above data, the equilibrium level of GDP is
A) $20.9 million. B) $23.5 million. C) $100 million. D) $111.8 million.
Economics