« previous next »

Author Question: At that amount of output where diminishing marginal returns first sets in A) total product will ... (Read 51 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
At that amount of output where diminishing marginal returns first sets in
 
  A) total product will begin to decline.
  B) average product will begin to decline.
  C) marginal product will begin to decline.
  D) all of the above

Question 2

When the price of a hot dog rises 10 percent, your expenditure on hot dogs increases. Hence, it is certain that
 
  A) hot dogs are a normal good for you.
  B) hot dogs are an inferior good for you.
  C) your demand for hot dogs is elastic.
  D) your demand for hot dogs is inelastic.


Awesome

  • Sr. Member
  • ****
  • Posts: 280
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering
Calculator Output Calculator Output
Video: Introduction to Diabetes

For a complete list of videos, visit our video library