« previous next »

Author Question: Evaluate the following statement. If marginal product is falling it will bring down the average ... (Read 57 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jun 29, 2018
Evaluate the following statement. If marginal product is falling it will bring down the average product.
 
  What will be an ideal response?

Question 2

A one-time tax rebate, which is not expected to be extended in future years, will
 
  A) have a significant positive effect on consumption and aggregate demand, with aggregate demand growing by a multiple of the tax rebate.
  B) have no effect on consumption and aggregate demand.
  C) increase aggregate supply and aggregate demand.
  D) have a moderately positive effect on consumption and aggregate demand.


eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

This statement is not necessarily true. If marginal product is falling but still above average product then the average product will rise. However, if it is below average product then indeed it will bring average product down with it.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Middle adulthood can bring large-scale changes in lifestyle and interests, as illustrated by this ph Middle adulthood can bring large-scale changes in lifestyle and interests, as illustrated by this ph
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
How to evaluate a function containing the constant k How to evaluate a function containing the constant k
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Evaluate the Limit Question 2 Evaluate the Limit Question 2
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library