The law of diminishing returns implies that, with the quantity of capital fixed, as the use of labor rises
A) total product will fall eventually.
B) the marginal product of labor will fall eventually.
C) the total product of labor will fall below the marginal product of labor.
D) the production process will become technologically inefficient eventually.
Question 2
An expansion of the production possibilities frontier is
A) called economic growth.
B) proof that scarcity is not a binding constraint.
C) a free gift of nature.
D) something that has occurred only rarely in history.
A fixed action pattern elicited by a sign stimulus.
Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
Stages of Labor
Fixed bed state (i) and complete fluidization (ii)
North Korea: Labor Issues
Identify the variable representing each described quantity in the equation