When the price of a good is low, selling the good is profitable, and so the quantity supplied is large

When a firm is experiencing diseconomies of scale

A) the MP curve has a negative slope. B) the LRAC curve has a positive slope. C) it must also experience diminishing returns to labor. D) the MC curve has a negative slope.

The marginal productivity theory of distribution holds that

a. each factor is paid what it deserves. b. the owner of each factor is paid the amount that the factor contributes to earnings. c. each factor's income depends on how hard it works. d. each factor receives an equal share of the revenue from production.