If two firms are identical in all respects except that one has more of the fixed input capital than another,the total product curve for the firm with more capital:
A) must equal the total product curve for the firm with less capital.
B) will lie above the total product curve for the firm with less capital.
C) will lie below the total product curve for the firm with less capital.
D) will show no diminishing marginal returns.
Correct Answer:
Verified
Q1: In economics,the short run is defined as:
A)less
Q2: Lauren has 11 people working in her
Q4: The term diminishing returns refers to a:
A)falling
Q5: The _ curve shows the absolute quantities
Q6: If two firms are identical in all
Q7: Use the following to answer question:
Q8: Use the following to answer question:
Q9: The long run is a planning period:
A)over
Q10: In economics,the short run is:
A)less than 1
Q11: A fixed input is one:
A)that only exists
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