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Author Question: The version of the law of diminishing returns that applies to production (Read 32 times)

waynest

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on: Apr 19, 2019

Question 1

If the marginal product of labor is less than the average product of labor, then the


◦ marginal product must be increasing.
◦ average product must be decreasing.
◦ marginal product must be decreasing.
◦ Both average product must be decreasing and marginal product must be decreasing

Question 2

The version of the law of diminishing returns that applies to production


◦ implies that as we add more workers our output decreases.
◦ applies only in the short run.
◦ is true only when all inputs are variable.
◦ applies in the short and long run.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by waynest on Apr 19, 2019

pratush dev

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Reply #1 on: Apr 19, 2019
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.
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waynest

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Reply #2 on: Apr 19, 2019
Thank you!


pratush dev

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Reply #3 on: Apr 19, 2019
Always glad to help...


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