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Author Question: Which of the following statements describes the presence of diminishing returns? All else equal, a. ... (Read 62 times)

abern

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on: Jul 1, 2018
Which of the following statements describes the presence of diminishing returns? All else equal,
 a. Marginal product is constant as output increases
  b. Marginal product is falling as output increases
  c. Marginal product is rising as output increases
 d. Marginal product is zero

Question 2

The disagreement value in a nonstrategic game is most closely associated with
 a. opportunity costs
  b. fixed costs
 c. variable costs
 d. accounting costs


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parshano

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


abern

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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Reply 3 on: Yesterday
Excellent

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