« previous next »

Author Question: At that amount of output where diminishing marginal returns first sets in A) total product will ... (Read 76 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?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Cardiac Output Cardiac Output
Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio
The output on this alternator is printed on a label. The output on this alternator is printed on a label.
Product safety Product safety
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library