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Author Question: A marginal revenue product curve shows the change in a. total revenue caused by a one-unit change ... (Read 95 times)

james9437

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on: Jun 30, 2018
A marginal revenue product curve shows the change in
 a. total revenue caused by a one-unit change in output, other things constant
  b. total revenue caused by a one-unit change in an input, other things constant
  c. total product caused by a one-unit change in output, other things constant
  d. total product caused by a one-unit change in an input, other things constant
  e. total revenue product caused by a one-unit change in the price of the output, other things constant

Question 2

Which of the following events would not be recorded in the U.S. balance of payments?
 a. The money supply of a foreign nation increases.
  b. Oxfam America, a U.S. relief agency, sends food to drought victims in sub-Saharan Africa.
  c. Oxfam America, a U.S. relief agency, sends farm equipment to drought victims in sub-Saharan Africa.
  d. The Pentagon stations troops in Saudi Arabia.
  e. Pepsi-Cola sends its soft drink to Russia; in return, the United States gets Stolichnaya vodka. No money changes hands.


yuyiding

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

B

Answer to Question 2

A


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