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Author Question: Marginal product measures the change in: a. total cost brought about by changing production by one ... (Read 59 times)

faduma

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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


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bimper21

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


faduma

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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