« previous next »

Author Question: The marginal product of a factor of production A) is equal to the ratio of the amount of that ... (Read 98 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 30, 2018
The marginal product of a factor of production
 
  A) is equal to the ratio of the amount of that factor of production to the amount of output produced.
  B) is equal to the amount of additional output that can be produced with one additional unit of each factor input.
  C) is equal to the amount of additional output that can be produced with one additional unit of that factor input, holding constant the quantities of the other factor inputs.
  D) always exceeds the average product of that factor input, holding constant the quantities of the other factor inputs.

Question 2

With high inflation ________.
 
  A) stock market investors are always worse off than consumers and households
  B) producers are always worse off than consumers
  C) creditors are always worse off than debtors
  D) all of the above
  E) none of the above


vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

penza

  • Hero Member
  • *****
  • Posts: 1,022
Reply #2 on: Jun 30, 2018
Thank you


vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library