Author Question: General-equilibrium analysis is the study of A) how an equilibrium is determined in all markets ... (Read 34 times)

chandani · **on:** Jul 1, 2018

General-equilibrium analysis is the study of

A) how an equilibrium is determined in all markets simultaneously.
B) how an equilibrium is determined in all closely related markets.
C) the effects of a change in a market, and all spillover effects in all related markets.
D) All of the above.

Question 2

When diminishing marginal returns set in, total product will

A) increase at an increasing speed.
B) increase at a decreasing speed.
C) decrease at an increasing speed.
D) decrease at a decreasing speed.