Enacting a (binding) quota on a product causes domestic production to decrease for that product. a. True b. False If the marginal product of a variable factor of production is above the average product, the latter will be growing. a. True. b. False. ...
B.the price elasticity of demand is relatively inelastic and there are diminishing returns to a variable factor of production C.the price elasticity of demand is unitary and there are diseconomies of scale D.the firm's marginal profit would increase E.the firm is making a loss ...
B.the price elasticity of demand is relatively inelastic and there are diminishing returns to a variable factor of production C.the price elasticity of demand is unitary and there are diseconomies of scale D.the firm's marginal profit would increase E.the firm is making a loss...
Land:A factor of production. Land is all the natural resources on the planet. Land includes oil, forests, soil, fish etc. Long-Run:All the factors of production are variable in the long-run. Luxury:As income rises, quantity demanded rises more proportionally. A luxury has a YED>0. Marke...
Entrepreneur is someone who take risks, innovates, and uses the FOP. Resources are drawn together into the production process. Reward: Profit capital capital是指实体的投入,比如机器。 Reward:interest from the investment; dividends. Specialization and division of labor ...
This is a factor (variable) in an experiment that a scientist actually manipulates. Scientific Method: The scientific method is a process followed by scientists to gain new knowledge about how the natural world works. This method includes a purpose, background research,...
Answer to: As the level of production increases in the short-run, the Average Variable Cost (AVC) ___ and the Average Fixed...
题目When a discount factor is multiplied times a future period variable it creates : A. a future value. B. a present value. C. a real variable. D. a nominal variable. 相关知识点: 试题来源: 解析 B. a present value.反馈 收藏
1993. "Exports as a Factor of Production: A Consistency Test." World Development 21, no. 1: 155-60.Sheehey, Edmundj. Export as a Factor of Production: A Consistency Test". World Development, Vol 21. No,1. 1993Sheehey, E.J. (1993), Exports as a factor of production: A ...
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