« previous next »

Author Question: Evaluate the following statement. If marginal product is falling it will bring down the average ... (Read 62 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?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Hematuria. An analysis of urine is performed to evaluate kidney function. In this illustration, the Hematuria. An analysis of urine is performed to evaluate kidney function. In this illustration, the
Average national IQs according to IQ and Global Inequality Average national IQs according to IQ and Global Inequality
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
How to evaluate and sketch a piecewise function (Part 1) How to evaluate and sketch a piecewise function (Part 1)
How to evaluate algebraic terms containing fractional exponents without a calculator How to evaluate algebraic terms containing fractional exponents without a calculator
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: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library