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Author Question: When the marginal product equals the average product, the A) average product curve is downward ... (Read 202 times)

stephzh

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on: Jun 29, 2018
When the marginal product equals the average product, the
 
  A) average product curve is downward sloping.
  B) average product curve is upward sloping.
  C) marginal product is at its maximum.
  D) average product is at its maximum.

Question 2

In October of 2014, the interest rate on money market accounts was about 0.2 percent. In 2007, the interest rate on money market accounts was about 4.0 percent. What has been the impact on money demand from this fall in the interest rate?
 
  A) the money demand curve shifted to the right
  B) the money demand curve shifted to the left
  C) the quantity of money demanded increased
  D) the quantity of money demanded decreased


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lindahyatt42

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


stephzh

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kusterl

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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