Author Question: The law of diminishing returns implies that, with the quantity of capital fixed, as the use of labor ... (Read 109 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
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.



kkenney

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

For a complete list of videos, visit our video library