We often observe that addition of another unit of labor increases output but by an amount that is smaller than the addition of the previous unit of labor. in such a situation the producer is experiencing
diminishing labor.
diminishing output.
diminishing marginal product.
negative marginal product.
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technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f
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Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.
Answers: 1
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During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
We often observe that addition of another unit of labor increases output but by an amount that is sm...
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