Marginal productivity is
a. The total output associated with total inputs
b. The total output associated with extra inputs
c. The extra output associated with total inputs
d. The extra output associated with extra inputs
d
Economics
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The effects of the national health care program on goods and services markets will
A) increase the marginal cost of the firm. B) increase the quantity produced of the firm. C) consumers will pay lower prices for many goods and services. D) decrease the quantity demanded for all goods and services.
Economics
Which of the following is an example of an implicit cost a firm might incur?
A) the wages paid to employees B) the payment for medical insurance coverage C) the opportunity cost to investors of the funds invested in the firm D) utility payments
Economics