If you wanted to produce at an output of 80, in the long run you would choose a plant whose size is represented by

As the amount of labor input increases ________. This means that the marginal product of labor (MPL) ________

A) the slope of the production function increases; goes up B) the slope of the production function falls; declines C) the slope of the production function falls; goes up D) the slope of the production function increases; declines E) none of the above

Which of the following are justifications for running a budget deficit?

a. stabilizing the economy during a recession b. future generations will benefit from some current expenditures c. both a and b d. neither a nor b