Average product will fall as long as
A) marginal product is falling.
B) it exceeds marginal product.
C) it is less than marginal product.
D) the number of workers is increasing.
Question 2
If a firm is a profit maximizer and faces positive marginal costs,
A) there is a natural limit to the size of the firm, where MR = 0.
B) there is no natural limit to the size of the firm; it can be as large as it wants to be.
C) there is a natural limit to the size of the firm, where MR > 0.
D) there is no natural limit to the size of the firm, hence the need for government regulation.
A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
Long-Range Forecasts
Long-range forecasts
The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
The Internal Anatomy of a Long Bone