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Author Question: Diminishing marginal returns lead to diminishing returns A) when marginal returns fall but remain ... (Read 138 times)

luminitza

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on: Jul 1, 2018
Diminishing marginal returns lead to diminishing returns
 
  A) when marginal returns fall but remain positive.
  B) only in theory.
  C) when marginal returns become negative.
  D) when labor exceeds capital.

Question 2

As long as there is some substitution effect in response to a change in the relative price of a good, there will be an excess burden from a tax.
 
  a. True b. False


billybob123

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

C

Answer to Question 2

a


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A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
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