The revenue received from the sale of ________ of a product is a marginal benefit to the firm.
A) an additional unit B) only profitable units
C) the total number of units D) no units
Question 2The chapter discusses Transparency International's ranking of countries by levels of corruption.
It is interesting to note some of the least corrupt countries on the list, and look at the correlation of their ranking with the performance of their economies.For example, the least corrupt countries are, in order, Denmark, New Zealand, Finland, Sweden, and Norway.Each is a wealthy country with a very high standard of living, low unemployment, and low inflation. This is in contrast to countries rated most corrupt by Transparency International.Among those at the bottom of the list (i.e., those with the most corrupt governments) are Haiti, Syria, Sudan, North Korea, and Somalia.These are uniformly poor nations with a low standard of living and dismal economic growth performance. Data from
http://www.transparency.org/cpi2013/results Speculate on the reasons why a more corrupt country would be more likely to generate slow or nonexistent economic growth than one with a more honest and responsible government.
Norway lobsters on sale at a Spanish market
These photos show a rat burying a test object from which it has just received a single mild shock.
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Marginal Products of Physical and Human Capital
Importance of Considering Gestalt Principles in Product Design (1 of 2)
Importance of Considering Gestalt Principles in Product Design