Multiple Choice
Economists collect and analyze data on output per worker and output per hour of work.What are they trying to measure by doing so?
A) the ratio of marginal products of factors
B) productivity
C) diminishing marginal returns
D) the principle of substitution
E) returns to scale
Correct Answer:
Verified
Correct Answer:
Verified
Q50: Suppose RioTintoAlcan is considering the construction of
Q51: A profit- maximizing firm will increase its
Q52: What is the definition of productivity?<br>A)the efficient
Q53: In the long run,decreasing returns to scale
Q54: Suppose a firm employs two kinds of
Q56: Assume a firm is using 10 units
Q57: The figure below shows a family of
Q58: Suppose a firm experiences decreasing returns to
Q59: Of the following,which is the least likely
Q60: Assume a firm is using 10 units