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

Author Question: Which of the following statements best summarizes the law of diminishing marginal returns? A) In ... (Read 86 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
Which of the following statements best summarizes the law of diminishing marginal returns?
 
  A) In the short run, as more labor is hired, output diminishes.
  B) In the short run, as more labor is hired, output increases at a diminishing rate.
  C) In the short run, the amount of labor a firm will hire diminishes as output increases.
  D) As more labor is hired, the length of time that defines the short run diminishes.

Question 2

The slope of the total product curve always equals
 
  A) the ratio of the marginal product and the average product.
  B) the change in input divided by the change in output.
  C) the average product of the input.
  D) the marginal product of the input.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

k.lashomb

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


james

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
:D TYSM

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Diminishing and disappearing populations. Diminishing and disappearing populations.
A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
The diminishing effects on body weight of a low-calorie diet and a high-calorie diet. The diminishing effects on body weight of a low-calorie diet and a high-calorie diet.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library