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Author Question: The ____ is the situation in which the marginal product of labor is greater than zero and declining ... (Read 15 times)

littleanan

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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


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princessflame2016

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

c

Answer to Question 2

a


littleanan

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

chjcharjto14

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Reply 3 on: Yesterday
Excellent

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