The law of diminishing marginal returns
A) implies that the marginal product of labor must fall.
B) requires using superior technology to increase output.
C) means that total output will always fall.
D) None of the above.
A
Economics
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Which of the following cannot be controlled precisely by the Federal Reserve?
A) Government securities held by the New York Federal Reserve B) The discount rate C) Reserve requirement ratios D) Total bank reserves
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Table 10.2Table 10.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its revenue from students under the single price policy?
A. $150 B. $180 C. $450 D. $540
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