Diminishing marginal product means that ________. A) when ...

[hubes95]

Diminishing marginal product means that ________.
 
  A) when adding extra units of a single input, output increases become smaller
  B) when adding extra units of a single input, output increases become larger
  C) when adding extra units of a single input, output declines
  D) the amount of output increases when we add more inputs
  E) none of the above

Question 2

Indifference curves describe ________.
 
  A) the relationship between current and future income
  B) the utility received by an individual consumer
  C) the relationship between utility and income
  D) productivity levels

[choc0chan]

Answer to Question 1

A

Answer to Question 2

B

[hubes95]

TYSM

[amit]

Excellent