The Data in the Tables Below, Show That Production In

question 136

Multiple Choice

The data in the tables below, show that production in:

• A)Germany is subject to increasing domestic opportunity costs and the U.S.to constant domestic opportunity costs.
• B)the U.S.is subject to increasing domestic opportunity costs and Germany to constant domestic opportunity costs.
• C)both Germany and the U.S.are subject to constant domestic opportunity costs.
• D)both Germany and the U.S.are subject to increasing domestic opportunity costs.

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Definitions:

Labor Demand

Labor demand reflects the quantity of labor that employers are willing and able to hire at a given wage rate in the market.

Tampa Bay Rays

A professional baseball team based in St. Petersburg, Florida, competing in Major League Baseball's American League East division.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much more efficiently than with individual craftsmanship.

Average Product

The output per unit of input, typically calculated by dividing total product by the quantity of input used in its production.