As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases.
B. initially decreases, then increases.
C. decreases.
D. initially increases, then decreases.
Answer: A
Economics
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How can total course learning and studying be related to the law of diminishing returns?
Please provide the best answer for the statement.
Economics
A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week. Based on the above info, the marginal revenue from the fourth worker is
A. $ 30. B. $6. C. $750 D. $150. E. none of the above
Economics