GDP does count:

Refer to Scenario 2. Diminishing marginal returns starts to occur between units:

A) 2 and 3. B) 3 and 4. C) 4 and 5. D) 5 and 6.

A technical innovation in the production of automobiles by Ford Motor Company's for 1 million cars per year would necessarily

a. shift the "1 million car" isoquant away from the origin. b. shift the "1 million car" isoquant toward the origin. c. cause 1 million cars to be produced with more capital and less labor. d. cause 1 million cars to be produced with more labor and less capital.