Author Question: In the above figure, what is the amount of the tax per compact disc? A) 10 B) 20 C) 30 D) ... (Read 70 times)

rachel9 · **on:** Jun 29, 2018

In the above figure, what is the amount of the tax per compact disc?

A) 10
B) 20
C) 30
D) 40

Question 2

Diminishing marginal returns occur when

A) the average product of the variable input eventually diminishes.
B) the marginal product of an additional worker is less than the marginal product of the previous worker hired.
C) the firm hires cheap, less-skilled workers in place of expensive, high-skilled workers.
D) total product diminishes.