This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marginal product measures the change in: a. total cost brought about by changing production by one ... (Read 58 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
Marginal product measures the change in:
 a. total cost brought about by changing production by one unit.
  b. product price brought about by changing production by one unit.
  c. a firm's revenue brought about by changing production by one unit.
  d. the firm's output brought about by employing one additional unit of input.
  e. the firm's profit brought about by employing one more input.

Question 2

Which of these is a lagging economic indicator?
 a. The unemployment rate
 b. Personal income
 c. Industrial production
 d. Total employment
 e. Fluctuations in stock prices


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bimper21

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


faduma

  • Member
  • Posts: 528
Reply 2 on: Jun 30, 2018
Wow, this really help

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Piercey-Normore and DePriest discovered that some lichens readily change partners. Piercey-Normore and DePriest discovered that some lichens readily change partners.
Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
Global Coffee Production Global Coffee Production
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library