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Author Question: Thomas Malthus and David Ricardo believed that to increase agricultural output, people would be forced to (Read 63 times)

ENagel

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on: Apr 19, 2019

Question 1

Diminishing returns to a factor implies that with capital fixed


◦ as labor increases output always increases.
◦ as output increases, labor increases.
◦ as labor increases, output decreases.
◦ as labor increases, labor productivity eventually decreases.

Question 2

Thomas Malthus and David Ricardo believed that to increase agricultural output, people would be forced to


◦ farm land more intensively, in which case the returns to successive increases in population would diminish.
◦ farm land less intensively, in which case the returns to successive increases in population would increase.
◦ farm land more intensively, in which case the returns to successive increases in population would increase.
◦ farm land less intensively, in which case the returns to successive increases in population would diminish.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ENagel on Apr 19, 2019

miss_1456@hotmail.com

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ENagel

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

marict

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Reply 3 on: Yesterday
:D TYSM

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