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Author Question: Diminishing returns means that A) each additional unit of labor produces successively more real ... (Read 70 times)

penza

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on: Jun 30, 2018
Diminishing returns means that
 
  A) each additional unit of labor produces successively more real GDP.
  B) hiring more labor must lower the real wage rate.
  C) each extra unit of real GDP produced requires less labor.
  D) hiring more labor results in less real GDP.
  E) each additional unit of labor produces successively less real GDP.

Question 2

According to this Application, the recent result of the harmattan was to ________ the equilibrium price and ________ the equilibrium quantity of cocoa.
 
  A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease


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olderstudent

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


penza

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Reply #2 on: Jun 30, 2018
Thank you


olderstudent

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Reply #3 on: Jun 30, 2018
No problemo


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