The value of the films starring Charlie Chaplin produced in the United States that still exist will not be included in this year's U.S. gross domestic product (GDP) because:
a. Charlie Chaplin was not an American citizen
b. Charlie Chaplin did not make the films this year.
c. the films earn less revenue.
d. the films no longer have any value except to collectors.
e. films are intermediate goods.
b
Economics
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The slope of the isocost line:
A) changes as the combination of labor and capital is altered by the firm. B) is equal to the ratio of the marginal productivities at all points along the isocost line. C) is equal to the negative of the ratio of the prices of the outputs. D) is equal to the negative of the ratio of the prices of the inputs.
Economics
If Marginal cost is lower than Average Cost (AC), average cost is
a. falling b. rising c. constant d. none of the above
Economics