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Author Question: Refer to the figure above. What does the slope of the aggregate production function imply? A) ... (Read 97 times)

DyllonKazuo

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on: Jun 30, 2018
Refer to the figure above. What does the slope of the aggregate production function imply?
 
  A) Decreasing returns to scale B) Diminishing marginal product of capital
  C) Diminishing marginal product of labor D) Increasing returns to scale

Question 2

Suppose Ariana deposits 75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks.
 
  A) 15,000 B) 375,000 C) 750,000 D) 1,500,000


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juicepod

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


DyllonKazuo

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Reply 2 on: Jun 30, 2018
Excellent

Zebsrer

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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