This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If labor is a variable input in production, the law of diminishing marginal returns implies that in ... (Read 167 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Apr 19, 2019

Question 1

If diminishing marginal returns have already set in for The Picture Perfect Framing Store and the marginal product of the fifth picture framer is 20, then the marginal product of the sixth picture framer must be


◦ negative.
◦ zero.
◦ less than 20.
◦ greater than 20.

Question 2

If labor is a variable input in production, the law of diminishing marginal returns implies that in the short run


◦ labor's marginal product is constant.
◦ labor's marginal product decreases after a certain point.
◦ total product is negative.
◦ total product is negative after a certain point has been reached.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dmcintosh on Apr 19, 2019

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


dmcintosh

  • Hero Member
  • *****
  • Posts: 517
Reply #2 on: Apr 19, 2019
Thanks


annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Diminishing and disappearing populations. Diminishing and disappearing populations.
Production efficiency. Production efficiency.
Cotton Production and Slave Population, 1800–1860 Cotton Production and Slave Population, 1800–1860
Proportion of Women and Men in the U.S. Labor Force Proportion of Women and Men in the U.S. Labor Force
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Variable penetrance of mitochondrial mutations Variable penetrance of mitochondrial mutations
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library