Consider a Firm in the Short Run

question 16

Multiple Choice

Consider a firm in the short run.If AP = MP and both are positive,then total product

• A)is decreasing as extra units of the variable factor are employed.
• B)is increasing as extra units of the variable factor are employed.
• C)is at a maximum.
• D)is at its minimum.
• E)may be either increasing or decreasing as extra units of the variable factor are employed.

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Definitions:

Government Censorship

The practice by which a government examines and restricts information or content it deems harmful, sensitive, or objectionable from public access or circulation.

Stone's Footnote 4

A famous footnote in United States constitutional law, highlighting circumstances under which courts may have an enhanced duty to scrutinize legislation.

Carolene Products Co.

A landmark U.S. Supreme Court case notable for its Footnote Four, which suggested that certain cases, particularly those involving civil rights and liberties, should be given more exacting judicial scrutiny.

Brandenburg v. Ohio

A 1969 Supreme Court decision that established the government cannot punish inflammatory speech unless that speech is likely to incite imminent lawless action.