The law of diminishing marginal returns states that as the quantity of capital per worker increases, other things constant, output per worker eventually:
a. increases at a constant rate
b. increases at a decreasing rate.
c. increases at an increasing rate.
d. decreases.
e. remains constant.
b
Economics
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In the short run, when the Fed increases the quantity of money
A) bond prices rise and the interest rate falls. B) bond prices fall and the interest rate rises. C) the demand for money increases. D) the supply of money curve shifts leftward.
Economics
If the cost per unit of output for a particular product is $10 and the product sells for $20, what is the percentage markup over cost per unit?
a. 200 percent b. 10 percent c. 100 percent d. 20 percent e. 50 percent
Economics