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lara [203]
3 years ago
5

The marginal productivity theory of resource demand suggests that those resources whose productivity levels are high will end up

getting a higher share of the economy's income.
a) true
b) false
Business
1 answer:
Travka [436]3 years ago
4 0

Answer: a) true

Explanation:

  • Marginal product is a term which is used to represent the raise in amount of production by adding of one unit of factor of production [Taking other factors constant.]

According to marginal productivity theory of resource,

Under a perfect competition, if there is an increase in the marginal productivity of one resource(while taking price level constant) then that resource will be paid a higher wage rate.

This implies that a higher share of the economy's income.

Hence, the given statement is "True".

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6 0
2 years ago
Mitchell has worked for a very large company for three years. During lunch one day he stood at the elevator and read the buildin
s344n2d4d5 [400]

Answer:

It is departmentalized in a functional way

Explanation:

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8 0
3 years ago
What did president hoover do to devise strategies for improving the economy?
olga nikolaevna [1]

The above answer is definitely correct in its details.  I'd just like to emphasize a couple of important ideas about Hoover's response.

<span>He tried to do more to fix the economy than any president had ever done before.  The government had been very hands-off up to that point.He believed the government should not go in debt no matter what.  This limited what he was willing to do.  Please note that economists back then agreed with this idea so it's not like Hoover was just being mean.  In fact, FDR believed the same thing and it's often said that he undermined the New Deal by trying to balance the budget too soon.</span>

So, overall what I want to point out is that Hoover did more than anyone else, and he did what most economists of the time would have said was the right thing to do.  But it didn't work and so he's seen as one of the worst presidents ever, which seems a bit unfair.

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3 years ago
A wheat farmer who wants to hedge the crop he plans to harvest next june should do what?
Tanya [424]
They should plant now rather than wait
6 0
3 years ago
Which of the following is not one of the four basic financial statements?
TEA [102]

Answer:

A revenue statement is not a basic financial statement.

5 0
2 years ago
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