The range in which there is diminishing marginal productivity starts at the point where:
a. marginal product reaches its maximum
b. average product reaches its maximum.
c. total product reaches its maximum.
d. marginal product begins to decrease at an increasing rate.
a
Economics
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Which of the following explains the ability of the U.S. economy to avoid diminishing marginal returns and experience accelerating growth in the early to mid-20th century?
A) immigration B) additions of a greater amount of capital of the same quality C) a decrease in the quality of labor D) continuing technological change
Economics
What is the macroeconomic consequence if firms accumulate large amounts of unplanned inventory at the beginning of a recession?
What will be an ideal response?
Economics