For all points above the 45-degree line, planned aggregate expenditure will be less than GDP

A small firm in Indonesia has the following estimated production function: ln(q) = 10 + 2.6ln(L) - 0.4(ln(L))2 Derive the firm's marginal and average product of labor as functions of q and L

What is the elasticity of output with respect to labor?

In the 1700s, Reverend Thomas Malthus predicted that:

a. per capita economic growth would not change very much since humans were already content with their standards of living. b. per capita economic growth would tend to rise as modern birth control techniques caused the rate of population growth to decline. c. per capita economic growth would eventually become negative since population growth would tend to outstrip production. d. per capita economic growth would tend to rise in the future because technological advances in production would outpace population growth.