Correct answer
D. The average product will fall
Explanation
The correct answer is The average product will fall.
Which of the following is not an example of foreign direct investment?
Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will ________ and the total output produced will ________?
Suppose we measure the quantity of good X on the horizontal axis and the quantity of good Y on the vertical axis If indifference curves are bowed inward, as we move from having an abundance of good X to having an abundance of good Y, the marginal rate of substitution of good Y for good X (the slope of the indifference curve)?
The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates?
If interest rates rise then costs are likely to ________ and demand is likely to ________?
Marginal revenue is the ________ when output is ________?