Tackle the Test: Multiple-Choice Questions

  1. Question

    nqO5WDyc6QwaHYNYY2Z9IgsFU9lXaZB+erEtfT81stkj3QnPzW58/vknRGUYxTWqdJSJGOspGAezG0aKRD+p53PmVs56fXoVgx7bOOiK+cffm+6g4kFCUHT3qcdTiHcvNlI3FqP+8iFXUtx+GX7JFagLCRsyg7m9XhD4Ly2u9vXSTakBqnFndcCjW/5rFvbn7TEkbDryNMaZcdL0dsMdqaT58svLkqWeF6UEVpxDyqcJixKgdNxZyvXy4+ifdCa8TvqIwqQS5jCADws92SzUXcHwgR4sQfCqMjSJAD8+pGiYZL+J7/oU1mpPiE6eYo3QFkwyaOR4CVXIj2cK6MBy+yEuX+X5NEhCVNNyaSlWQ7kZ1tzHQMFPQ1iZF4uO/L02qE43SUbiMdVYTaxHts/F5C2r22U6TpEEmFYxcHcuq4FDof8L4J80+uNzFqtBqU3I/PFg5yuhhUUpTVNG0Df0+zl+T7fZwkwWctiumaiQ3nA/V/urFKEtG5FAqtzKHwKLcypCJfw5EZhQbx5Zr8X8OgL7tHloYRYEZ6PmnJHrFKrijCbvje5OdFJ6LIj/xvpzE1kHZUH7nolwdBNxA9qbnT1o6Dm23RyrO8bo+csx9rZq1jXV13ChFce1i2eLMvfs9U0B+DFbY2rLjOvUbwvkkr41ijs3p+rNPUbW8PMKzZ70W+6vSCXq2PqbmsTBhokXBCw6K3ZoIgmSceZervG9+dXi+eSxvhFQHVth1/3Wl4v2eWKr1NbEkbt/uvXHuAV013RFdAkedkmqUf+UHlf2Zwc8Z6WrDkNqSWbOcYn9lsB/9rkfX6tDqBWSb/THdzrxTKjJ425SVWDNHpnDtZ0h3yeG3Wo=
    A production function shows the relationship between inputs and
  2. Question

    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
    Which of the following defines the short run?
  3. Question

    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
    The slope of the total product curve is also known as the
  4. Question

    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
    When the returns to an input are diminishing and a profi
  5. Question

    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
    Historically, the limits imposed by diminishing returns have been alleviated primarily by