Question: Extremely time sensitive. Thank you so much! Question 19 (1 point) What is one of the consequences of diminishing marginal product (or marginal product of

Extremely time sensitive. Thank you so much!

Extremely time sensitive. Thank you so much! Question 19 (1 point) Whatis one of the consequences of diminishing marginal product (or marginal productof labor)? O Firms seek to maximize profit. 0 Marginal cost tends

Question 19 (1 point) What is one of the consequences of diminishing marginal product (or marginal product of labor)? O Firms seek to maximize profit. 0 Marginal cost tends to rise. 0 As price rises, quantity supplied increases. 0 Supply becomes more price elastic. Question 20 (1 point) According to economic theory, consumption is really only limited by 0 utility Q substitution effect. 0 budget constraint 0 income effect. D1 D2 Quantity Which of the following is the likeliest explanation for a shift in the graph below from D1 to D2? O The price of a complement goes up. 0 The priceof a substitute goes up. 0 The number of buyers goes up. 0 All of the above Question 22 (1 point) Antitrust laws seek to 0 reduce market power and increase competition. 0 prevent the excessive regulation of business. 0 make market information reliable for both consumers and sellers. O privatize external cost. Question 23 (1 point) If long run average cost increases as quantity increases, a firm is said to have O diseconomies of scale O constant returns to scale 0 economies of scale

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