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Author Question: Total efficiency units of labor in an economy increases if ________. A) the average number of ... (Read 37 times)

Alainaaa8

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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.


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mariahkathleeen

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

B

Answer to Question 2

C


Alainaaa8

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Reply #2 on: Jun 30, 2018
Correct answers!


mariahkathleeen

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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