If production displays increasing marginal returns, then
A) the firm must be adding new capital to keep boosting productivity.
B) each new worker hired adds more to output than previous hires.
C) total product reaches a maximum sooner than if production displayed decreasing returns.
D) total product rises by a constant amount throughout.
Question 2
Monopolistic competition differs from oligopoly in that in monopolistic competition firms act independently while in oligopoly firms act interdependently.
Indicate whether the statement is true or false
Primary production increases with an increase in total phosphorus concentration.
The production of electricity from coal is inefficient
Products like Beano contain enzymes that help reduce the production of gas in the large intestine
World Crude Oil Production and Reserves (Billions of Barrels)
Capital’s Share of Income in a Cross-Section of Countries
Production of prototrophs as a result of genetic recombination