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

Author Question: Marginal cost eventually increases because A) of the law of diminishing returns. B) eventually ... (Read 107 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
Marginal cost eventually increases because
 
  A) of the law of diminishing returns.
  B) eventually each additional worker produces a successively smaller addition to output.
  C) the marginal product of the variable input eventually falls.
  D) All of the above answers are correct.

Question 2

A minimum wage set above the equilibrium wage rate has no effect.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Diminishing and disappearing populations. Diminishing and disappearing populations.
Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
Exercise increases the heart rate. Exercise increases the heart rate.
The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
How repeated doses (D) of a drug cause an accumulation in the blood. Eventually, a plateau is ... How repeated doses (D) of a drug cause an accumulation in the blood. Eventually, a plateau is ...
Cost of Going to School Cost of Going to School
Video: Sickle Cell Anemia

For a complete list of videos, visit our video library