An increasing marginal product of labor would be most commonly found
a. at high levels of employment
b. in perfect competition
c. at low levels of employment
d. when a product price is rising
e. when a product price is falling
C
Economics
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"The number of species on earth is decreasing drastically and economic development is the main factor for the problem." Do you agree or disagree? Why?
What will be an ideal response?
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There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action?
A) network externalities B) public franchise C) economies of scale D) control of a key resource
Economics