Refer to the table below. The law of diminishing marginal returns becomes evident after ________ units of output are produced.OutputPer DayNumber ofEmployeeHours Per Day00331662994132716511
A. 66
B. 33
C. 132
D. 99
Answer: A
Economics
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Technological advances: a. Shift only the short run aggregate supply curve to the right
b. Shift only the long run aggregate supply curve to the right. c. Shift both short run and long run aggregate supply curves to the right. d. Do none of the above
Economics
Exhibit 8-2 Consumption function As shown in Exhibit 8-2, saving occurs:
A. at 0 disposable income. B. between $0 and $4 trillion disposable income. C. at $4 trillion disposable income. D. at a disposable income greater than $4 trillion.
Economics