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NEW QUESTION: 1
An upward-sloping short-run marginal cost curve shows that:
A. with a fixed amount of labor, as more and more capital is added, output increases at a decreasing rate, and thus each unit is more expensive than the previous unit.
B. with a fixed amount of capital, as more and more labor is added, output increases at a decreasing rate, and thus each unit is more expensive than the previous unit.
C. with a fixed amount of capital, as more and more labor is added, output decreases, and thus marginal cost increases.
Answer: B
Explanation:
In the short run, capital is assumed fixed. As more labor is added, output will increase, but due to diminishing returns, it will increase at a decreasing rate. Thus the next worker costs the same amount but adds less to production, increasing the marginal cost of the last unit, and resulting in an upward-sloping marginal cost curve.
NEW QUESTION: 2
What are two requirements of Layer 2 VPN BGP route reflectors? (Choose two.)
A. Routes are kept in the inet.2 table.
B. Routes are kept in the bgp.l2vpn.0 table.
C. Route reflectors must support the inet-vpn family.
D. Route reflectors must support the l2vpn family.
Answer: B,D
NEW QUESTION: 3
Which of the following is not a characteristic of a panic disorder?
A. Urination
B. Nausea
C. Excessive perspiration
D. Chest pain
Answer: A