Number of workersUnits of output00110230344455Refer to Table 5.1, which gives a firm's production function. Assume that all non-labor inputs are fixed. Diminishing marginal returns set in with the addition of the:

Boundary solutions arise when:

A. a good provides a consumer with little value per dollar relative to other alternatives. B. a consumer has a very low level of income. C. indifference curves are convex. D. indifference curves exhibit increasing MRS.

The emphasis by some economists on long-term outcomes is reminiscent of

A. Classical theory. B. Supply-side theory. C. Keynesian theory. D. None of the choices are correct.