This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The production function is concave in labor because A) the contribution to production of each ... (Read 29 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
The production function is concave in labor because
 
  A) the contribution to production of each additional unit of labor decreases.
  B) the marginal product of labor is increasing.
  C) the marginal product of capital is decreasing.
  D) the labor demand is downward sloping.

Question 2

Regarding fiscal policy, the new classical economists
 
  a. are in favor of stability.
  b. attempt to avoid excessive and inflationary stimulus.
  c. want to avoid erratic government deficit spending.
  d. All of the above
  e. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

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?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

How to find the inverse of any function How to find the inverse of any function
How to prove the derivative of the general logarithmic function How to prove the derivative of the general logarithmic function
How to find the second derivative of a function How to find the second derivative of a function
Reciprocal function Reciprocal function
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Examples of Polypeptide Production from Synthetic mRNAs Examples of Polypeptide Production from Synthetic mRNAs
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library