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 9 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
:D TYSM

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

The Whole Is Greater than the Sum of its Parts The Whole Is Greater than the Sum of its Parts
Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
Product Rule Product Rule
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library