The real wage will fall if price ________ the nominal wage

The law of __________: as successive units of a variable resource are added to a fixed resource, the marginal product of the variable resource will eventually decline.

Fill in the blank(s) with the appropriate word(s).

Harry produces 2 balloon rides and 4 boat rides an hour. Harry could produce more balloon rides but to do so he must produce fewer boat rides. Harry is ________ his production possibilities frontier

A) producing inside B) producing on C) producing outside D) producing either inside or on