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

Author Question: The ____ is the situation in which the marginal product of labor is greater than zero and declining ... (Read 45 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 30, 2018
The ____ is the situation in which the marginal product of labor is greater than zero and declining as more labor is hired.
 a. law of demand
  b. law of diminishing supply
  c. law of diminishing returns
  d. law of returns to scale

Question 2

Which of these is a likely impact of an increase in the price level in an economy on the aggregate supply in the economy?
 a. An increase in the quantity of real GDP supplied
 b. A decrease in the quantity of real GDP supplied
 c. A leftward shift of the aggregate supply curve
 d. A rightward shift of the aggregate supply curve
 e. An increase in the slope of the aggregate supply curve


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


littleanan

  • Member
  • Posts: 575
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

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

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Role-Playing a Situation in Which a Patient Is Frightened, Angry, or Anxious Role-Playing a Situation in Which a Patient Is Frightened, Angry, or Anxious
The impact of climate change is greater in some areas than in others The impact of climate change is greater in some areas than in others
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Find the derivative using the product rule Find the derivative using the product rule
To find the derivative use product rule To find the derivative use product rule
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Subunits of DNA And Semi Conservative Replication

For a complete list of videos, visit our video library