According to the principle of diminishing returns, if the number of workers is increased beyond the point of diminishing returns, then the additional worker
A) increases total output by more than the amount of previous workers.
B) increases total output by the same amount as previous workers.
C) decreases total output.
D) increases total output by less than the amount of previous workers.
D
Economics
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Suppose output is above the natural level of output. In a fixed exchange rate regime, explain the two ways the economy can return to the natural level of output
What will be an ideal response?
Economics
Government purchases, under the expenditure approach to GDP accounting, do not include: a. state government purchases of plumbing services. b. Social Security benefit payments to retirees
c. the salaries of military officers. d. federal government purchases of computers.
Economics