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 75 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
Excellent

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black
Flexible cooling fan blades change shape as the engine speed changes. Flexible cooling fan blades change shape as the engine speed changes.
Natural Causes of Climate Change Natural Causes of Climate Change
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Dendrite Animation

For a complete list of videos, visit our video library