An increase in the amount of capital per worker always increases the value of output
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When Peter's Pizza Company produces 50 pizzas, its average total cost is $8 . The marginal cost of the 51st pizza is $7 . If the firm chooses to produce the 51st pizza, what will happen to average total cost? Explain
What will be an ideal response?
Economics
Exhibit 4-3 Supply and demand curves
In Exhibit 4-3, which of the following might cause a shift from S2 to S1?
A. A decrease in input prices. B. An improvement in technology. C. An increase in input prices. D. An increase in consumer income.
Economics