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

Author Question: Total efficiency units of labor in an economy increases if ________. A) the average number of ... (Read 94 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
Total efficiency units of labor in an economy increases if ________.
 
  A) the average number of hours worked by each worker decreases
  B) each worker becomes more productive
  C) each worker earns a lower wage
  D) the amount of capital available to each worker diminishes

Question 2

Weighing the benefits and costs of the different speeds at which to sail an ocean cargo ship addresses the economic concept known as
 
  A) the principle of opportunity cost. B) the principle of voluntary exchange.
  C) the marginal principle. D) the principle of diminishing returns.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 30, 2018
Correct answers!


mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

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.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Species richness increases with island size. Species richness increases with island size.
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Labor Labor
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
Chart showing average yearly dose of radiation from natural and human-made sources Chart showing average yearly dose of radiation from natural and human-made sources
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library