Suppose 30 employees per day can produce 50 units of output. Assuming the law of diminishing marginal returns is present, to produce 100 units of output would require:

A professor will sometimes pay higher prices for some goods compared to an undergraduate student because

a. They value the item more than the student b. They like wasting money c. crowded and understaffed discount stores impose higher time costs d. they like to show off

Use the following figure to answer the next question.A shift from AD1 shifts to AD2 would be consistent with what economic event in U.S. history?

A. demand-pull inflation in the late 1960s B. recession in 2007-09 C. cost-push inflation in the mid-1970s D. full-employment in the late 1990s