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 14 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
Wow, this really help

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

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?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c
The strange situation. The Strange Situation features a series of episodes in which (a) the mother l The strange situation. The Strange Situation features a series of episodes in which (a) the mother l
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Labor Labor
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library