Refer to the above figure. Corn is an input for producing Corn Flakes. Which diagram shows the effect on the supply of Corn Flakes when the price of corn has increased?

Suppose Ariana deposits $75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks

A) $15,000 B) $375,000 C) $750,000 D) $1,500,000

The law of diminishing marginal returns says that as more of a variable input is combined with a fixed input, total output will increase; however, the increases in the firm's output will become ever smaller

a. True b. False