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Author Question: Which of the following indices best signals future movements in retail prices? a. The implicit ... (Read 57 times)

justinmsk

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on: Jun 30, 2018
Which of the following indices best signals future movements in retail prices?
 
  a. The implicit GDP deflator
  b. nominal GDP
  c. The consumer price index
  d. The producer price index
  e. The measure of economic welfare (MEW)

Question 2

Look at the production schedule below:
 
  Workers 0 1 2 3 4 5
  Output 0 45 80 100 130 165
 
  Which property of a standard production function does it violate?
  A) constant returns to scale
  B) decreasing marginal product of capital
  C) decreasing marginal product of labor
  D) production increasing in labor


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karlss

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


justinmsk

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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