Question: [ 2 points ] Diminishing marginal productivity exists when the prody comes flatter as inputs ( e . g . labor ) increase. A .

[2 points] Diminishing marginal productivity exists when the prody comes flatter as inputs (e.g. labor) increase.
A. True
B. False
C. Uncertain
[ 2 points ] Diminishing marginal productivity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

QUESTION 6 2.5 points Saved Assume that the coefficient of elasticity of product demand is 1.5 in industry A and is .75 in industry B. Other things equal, labor demand will be more elastic in...

Q:

These Q about Healthcare Economics True or False Questions 1. Hospitals are health care firms that earn revenues from selling some health care resources. 2. Physician clinics are health care firms...

Q:

RESPONSE TO ALL**** Suppose that labor elasticity coefficient is 2.5, Which of the following statements is correct? Question 1 options: A) Labor supply is elastic and 10% increase in the wage would...

Q:

Question 4 (20 minutes) The province wishes to improve our environment and accordingly will subsidise your municipality $ 2 for every $1 you spend on sewage facilities up to a maximum of $ 1920. Your...

Q:

Cans of Soda Total Utility Marginal Utility 10 22= 12 VOU AWN - O 32= 8 4 44= 42- Cans of Soda Total Utility Marginal Utility 0 2 a. At what point does marginal utility begins to fall? b. Will Devon...

Q:

This is Compensation subject. Please help me answer the following questions base on your understanding at the given infos. Questions: 1. Define Demand side of labor. (Base your answer in the given...

Q:

Question 1 (19 marks): Sarah has a monthly income of $1,800 to spend on goods X and Y, where good Y is the composite good (therefore priced at $1 per "unit"). Good X is a type of food. The price of X...

Q:

1) Wendy spends all of her weekly allowance ($12) on candy bars and hotdogs. Each candy bar costs $1 and each hotdog costs $2. The marginal utility of candy bars is 8 and the marginal utility of...

Q:

Which of the following is a microeconomic concern? ( a) The rate of unemployment in the country ( b) How an individual consumer responds an economic recession. O c) The inflation rate the US faces. O...

Q:

1: Sarah has a monthly income of $1,800 to spend on goods X and Y, where good Y is the composite good (therefore priced at $1 per "unit"). Good X is a type of food. The price of X is initially $5 per...

Q:

Respond briefly to the following statement: You say stock price equals the present value of future dividends? Thats crazy! All the investors I know are looking for capital gains.

Q:

In contrast with a multiple step-income statement, a single-step income statement does not show the amount of: a) income taxes on continuing operations. b) cost of goods sold. c) gross profit. d)...

Q:

[ xemine 3 0 - 1 2 ( 1 0 . 1 ) Oparating income frum a buninext ( 2 9 1 / Lan rild ) Intersat income, CRy of Sian Autorie bends trustee fees. Aefocilde sortion Fint mental losoes, puovire activy 5 3...

Q:

Read the article link below and state the idea or argument of the article in few sentence. Analyze the article and write 4 paragraphs about it in your own opinion and include and define relevant...