« previous next »

Author Question: Evaluate the following statement. If marginal product is falling it will bring down the average ... (Read 38 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jun 29, 2018
Evaluate the following statement. If marginal product is falling it will bring down the average product.
 
  What will be an ideal response?

Question 2

A one-time tax rebate, which is not expected to be extended in future years, will
 
  A) have a significant positive effect on consumption and aggregate demand, with aggregate demand growing by a multiple of the tax rebate.
  B) have no effect on consumption and aggregate demand.
  C) increase aggregate supply and aggregate demand.
  D) have a moderately positive effect on consumption and aggregate demand.


eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

This statement is not necessarily true. If marginal product is falling but still above average product then the average product will rise. However, if it is below average product then indeed it will bring average product down with it.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Average optimal blood pressure for age Average optimal blood pressure for age
Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
How to evaluate and sketch a piecewise function containing absolutes (Part 2) How to evaluate and sketch a piecewise function containing absolutes (Part 2)
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Average Global Temperatures Average Global Temperatures
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library