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Author Question: The increase in total output that results from a unit increase in one unit of a variable input is ... (Read 46 times)

AEWBW

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on: Jun 30, 2018
The increase in total output that results from a unit increase in one unit of a variable input is equal to the input's:
 a. total product.
  b. marginal product.
  c. average product.
  d. marginal cost.

Question 2

Which of the following would indicate the beginning of an expansionary phase in an economy?
 a. A minor increase in the number of new firms
 b. A decline in stock market prices
 c. An improvement in consumer confidence
 d. A slowdown in housing construction
 e. A decrease in the number of orders for new equipment


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duy1981999

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


AEWBW

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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