Cards in this guide (20)
What verse form is used at the end of a sonnet
A rhyming couplet, or two-line stanza, is used at the end of a
Shakespearean sonnet. A rhyming sestet, or six-line stanza, ends a
Petrarchan sonnet.
What is the distinction between marginal revenue product and marginal revenue
I'm thinking that marginal revenue product is the marginal
revenue on one product, and marginal revenue is the marginal
revenue on the whole firm sales...
I'm wondering the same thing but the above response is
incorrect. both terms imply values on one item as indicated by the
"marginal"
What describes the relationship between human capital and productivity
Increased human capital leads to increased productivity.
Which of these is sometimes included as a fourth factor of production
What labor work thingsof nature into tangible products what are the products called
What is typically the most efficient ratio of labor to capital
equal amounts of labor and capital
What term is sometimes used to refer to factors of production
Which term refers to the cost a firm incurs for labor
What is a firm's goal when determining how many goods to produce
to produce enough goods to meet demand while making a profit
What is the point at which producers and consumers agree on a price to sell and buy
What is the additional revenue a firm gains when it hires an additional worker called
In which year was the peak of the great depression
It was in the 1930 during which there was a severe world wide
economic depression.
The point at which supply meets demand and all of a product will usually be purchased is known as what
What is the fourth factors of production measures the qualifications of a worker
Once a firm knows what it should produce what must it then decide
how it will produce the goods or services
What is a major factor in the decision buying process
Items such as machinery buildings and other goods that are designed to increase the production potential of the economy are classified into which of these categories
What two theorists did Alfred Marshall borrow the concept of the importance of cost to the supply of goods
Is not a factor in wage variance between different occupations
Which of these was not an intention of the Reaganomics policies
