This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The ____ is the situation in which the marginal product of labor is greater than zero and declining ... (Read 44 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 30, 2018
The ____ is the situation in which the marginal product of labor is greater than zero and declining as more labor is hired.
 a. law of demand
  b. law of diminishing supply
  c. law of diminishing returns
  d. law of returns to scale

Question 2

Which of these is a likely impact of an increase in the price level in an economy on the aggregate supply in the economy?
 a. An increase in the quantity of real GDP supplied
 b. A decrease in the quantity of real GDP supplied
 c. A leftward shift of the aggregate supply curve
 d. A rightward shift of the aggregate supply curve
 e. An increase in the slope of the aggregate supply curve


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


littleanan

  • Member
  • Posts: 575
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Greater sciatic notch Greater sciatic notch
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
Young adults who described themselves as “not being religious at all” had greater stress ... Young adults who described themselves as “not being religious at all” had greater stress ...
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library