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Author Question: Refer to the figure above. What does the slope of the aggregate production function imply? A) ... (Read 96 times)

DyllonKazuo

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on: Jun 30, 2018
Refer to the figure above. What does the slope of the aggregate production function imply?
 
  A) Decreasing returns to scale B) Diminishing marginal product of capital
  C) Diminishing marginal product of labor D) Increasing returns to scale

Question 2

Suppose Ariana deposits 75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks.
 
  A) 15,000 B) 375,000 C) 750,000 D) 1,500,000


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juicepod

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

C

Answer to Question 2

B


DyllonKazuo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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