A marginal revenue product curve shows the change in
a. total revenue caused by a one-unit change in output, other things constant
b. total revenue caused by a one-unit change in an input, other things constant
c. total product caused by a one-unit change in output, other things constant
d. total product caused by a one-unit change in an input, other things constant
e. total revenue product caused by a one-unit change in the price of the output, other things constant
Question 2
Which of the following events would not be recorded in the U.S. balance of payments?
a. The money supply of a foreign nation increases.
b. Oxfam America, a U.S. relief agency, sends food to drought victims in sub-Saharan Africa.
c. Oxfam America, a U.S. relief agency, sends farm equipment to drought victims in sub-Saharan Africa.
d. The Pentagon stations troops in Saudi Arabia.
e. Pepsi-Cola sends its soft drink to Russia; in return, the United States gets Stolichnaya vodka. No money changes hands.
A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in
The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87.
How to convert one unit of measurement to another unit (Part 1)
The Kuznets Curve in England and Wales, 1823–1915
IQ scores form what mathematicians call a normal distribution "bell curve"
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur