Author Question: Diminishing marginal returns lead to diminishing returns A) when marginal returns fall but remain ... (Read 100 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
Diminishing marginal returns lead to diminishing returns
 
  A) when marginal returns fall but remain positive.
  B) only in theory.
  C) when marginal returns become negative.
  D) when labor exceeds capital.

Question 2

As long as there is some substitution effect in response to a change in the relative price of a good, there will be an excess burden from a tax.
 
  a. True b. False



billybob123

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

C

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library