As the Marginal Physical Product of U

question 181

Multiple Choice

As the marginal physical product of U.S. workers _________________, the marginal cost of goods produced in the U.S. ______________ and unit costs _____________. This makes American goods ________________ competitive in the global marketplace.

• A)rises; falls; fall; less
• B)falls; falls; fall; more
• C)rises; falls; fall; more
• D)rises; fall; falls; more

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Definitions:

Direct Material

Raw materials directly used in the manufacturing of a product, explicitly traceable to the goods being produced.

Direct Labor

Labor costs directly tied to the production of goods or services, such as wages for assembly line workers.

Probability Distributions

Mathematical functions that provide the probabilities of occurrence of different possible outcomes for an experiment.

Sample Space

Every conceivable outcome that a statistical trial might produce, gathered together.