Multiple Choice
Marginal productivity is
A) The total output associated with total inputs
B) The total output associated with extra inputs
C) The extra output associated with total inputs
D) The extra output associated with extra inputs
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Average costs _initially due to the presence
Q32: The term "bottleneck" refers to<br>A)when increasing amounts
Q33: Diminishing marginal productivity implies<br>A)decreasing marginal costs<br>B)increasing marginal
Q34: Once marginal costs rise above the average
Q35: What are economies of scope?<br>A)lower average costs
Q37: Average costs curves initially fall<br>A)Due to declining
Q38: You would expect that your firm is
Q39: Which of the following statements describes the
Q40: Economies of scale are also known as<br>A)Increasing
Q41: Average costs_ initially due to the presence