Refer to the table shown. Diminishing marginal productivity begins when the:Number of workersTotal output142103184285356417458489501049
A. third worker is hired.
B. fifth worker is hired.
C. sixth worker is hired.
D. fourth worker is hired.
Answer: B
Economics
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The real interest rate is equal to the nominal interest rate minus:
A. accounting profit. B. economic profit. C. taxes. D. the inflation rate.
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What is investment in a closed economy if you have the following economic data?
Y = $10 trillion C = $5 trillion TR = $2 trillion G = $2 trillion A) $2 trillion B) $3 trillion C) $5 trillion D) cannot be determined without information on taxes (T)
Economics