Consumption spending refers to ________ spending on goods and services
A) government B) business C) foreign D) household
D
Economics
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Based on the production and revenue data in the above table, what is the marginal product of the 4th worker?
A) 28 B) 6 C) 4 D) 2
Economics
How are the marginal revenue product (MRP) curve and the demand curve for capital related?
a. MRP slopes downward, forcing demand to rise. b. The MRP and demand curves are the same. c. MRP slopes downward, pushing demand toward equilibrium. d. MRP crosses the demand curve at its lowest point.
Economics