The statement that is false is When the marginal product of labor is upward-sloping, the marginal cost curve (MC) is upward-sloping.
<h3>What is the relationship between marginal product and cost?</h3>
The two measures have an inverse relationship. This means that when one is increasing, the other is increasing.
When marginal product of labor is increasing, the marginal cost curve decreases so this statement is false.
Find out more on marginal product of labor at brainly.com/question/13380400
#SPJ1
Answer:
opportunity cost
Explanation:
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the opportunity cost of investing in physical capital.
It’s important to know your limits and your strengths.
The goal is to do your best in the job you have, so before making that important choice, it’s good to think about maybe your talents or hobbies that you have.
You could ask yourself questions such as:
Do I communicate well with people?
What am I best at?
Am I able to fulfill the tasks that are included in this career?
And I’m sure there are more questions, but it is a good thing to know yourself that way when you apply for a job, you know what you’re getting into.
I hope this helps!
~Brooke❤️
Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.
<h3>What is Comparative Advantage?</h3>
Generally, Superior performance in one economic activity (such as the production of one product) over another.
In conclusion, Using the same amount of resources, the nation of Zanzibar can produce 12 million lb of beef or 5 million lb of pork. Zanzibar has an n-Comparative Advantage in the beef market compared to the pork market.
Read more about Comparative Advantage
brainly.com/question/14668211
#SPJ1
