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

Author Question: Diminishing returns means that A) each additional unit of labor produces successively more real ... (Read 141 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 30, 2018
Diminishing returns means that
 
  A) each additional unit of labor produces successively more real GDP.
  B) hiring more labor must lower the real wage rate.
  C) each extra unit of real GDP produced requires less labor.
  D) hiring more labor results in less real GDP.
  E) each additional unit of labor produces successively less real GDP.

Question 2

According to this Application, the recent result of the harmattan was to ________ the equilibrium price and ________ the equilibrium quantity of cocoa.
 
  A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


penza

  • Hero Member
  • *****
  • Posts: 1,022
Reply #2 on: Jun 30, 2018
Thank you


olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Crossing over produces new allelic combinations Crossing over produces new allelic combinations
Surface magnetic field of SU Aur (a young star of T Tauri type), reconstructed by means of Zeeman-Do Surface magnetic field of SU Aur (a young star of T Tauri type), reconstructed by means of Zeeman-Do
Components of nail unit Components of nail unit
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
The clock generator produces a series of pulses that are used by the microprocessor and other ... The clock generator produces a series of pulses that are used by the microprocessor and other ...
Lattice Parameter Relationships and Figures Showing Unit Cell Geometries for the Seven Crystal Syste Lattice Parameter Relationships and Figures Showing Unit Cell Geometries for the Seven Crystal Syste
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library