You can capture a bigger piece of the pie if

You can capture a bigger piece of the pie if
 a. You can decrease your counter party's gains from reaching an agreement
  b. You can increase you gain from reaching an agreement
 c. All of the above
 d. None of the above

QUESTION 2

Diminishing marginal productivity implies
 a. decreasing marginal costs
  b. increasing marginal costs
  c. decreasing average costs
  d. decreasing total costs

QUESTION 3

When buying a car from a commission salesman you improve your bargaining position by
 a. shopping when the new model year cars have just arrived
  b. shopping when the showroom is empty of customers
 c. shopping when the car lot has only few cars left unsold
  d. shopping toward the beginning of the month

QUESTION 4

When a firm's marginal productivity declines as output increases, then the firm is experiencing
 a. Diminishing returns to scale
  b. Constant returns to scale
 c. Increasing returns to scale
 d. Increasing marginal product

QUESTION 5

When buying a car from a commission salesman you improve your bargaining position by
 a. shopping when the new model year cars have just arrived
  b. shopping when the showroom is full of customers
 c. shopping when the car lot has many cars left unsold
 d. shopping toward the beginning of the month

QUESTION 6

Once marginal costs rise above the average cost,
 a. Average cost increases
 b. Average cost decreases
 c. Average costs will stay the same
  d. None of the above

QUESTION 7

When buying a car from a commission salesman you improve your bargaining position by
 a. shopping when the new model year cars have just arrived
  b. shopping when the showroom is full of customers
 c. shopping when the car lot has very few cars left unsold
  d. shopping toward the end of the month

QUESTION 8

Marginal productivity is
 a. The total output associated with total inputs
  b. The total output associated with extra inputs
  c. The extra output associated with total inputs
  d. The extra output associated with extra inputs