Author Question: Whenever the marginal product of a firm's only variable input was positive, but falling: a. its ... (Read 71 times)

beccaep · **on:** Jun 30, 2018

Whenever the marginal product of a firm's only variable input was positive, but falling:
a. its total product is growing at a decreasing rate.
b. it will use more of the variable input until its marginal product is negative.
c. it would reduce its use of the variable input.
d. its total product is beyond its maximum.

Question 2

A bond with a par value of 1,000 is traded at 2,000 . The interest rate offered on the bond is 10 percent per annum. The bond matures after a period of 5 years. The yield from the bond is:
a. 5 percent.
b. 10 percent.
c. 20 percent.
d. 15 percent.
e. 2.5 percent.