When the demand curve is a downward sloping straight line, the quantity at which the demand curve intersects the horizontal (quantity) axis is ________ the quantity at which the marginal revenue curve intersects the horizontal (quantity) axis.

The above table shows the total product schedule for Hair Today, a hair styling salon

a) What is the first worker's marginal product? The second worker? The third worker? The fourth worker? The fifth worker? b) Over what range of workers is there increasing marginal returns? Over what range is there decreasing marginal returns?

"The distribution of income should be left to the market" is an example of a positive economic statement

Indicate whether the statement is true or false