Holding other things constant, diminishing marginal productivity happens to:
A. any input, the more the input is hired.
B. labor, the more labor is hired, but not to land or capital.
C. capital inputs, the more is hired, but not to labor or land.
D. all inputs with the exception of land, the more those inputs are hired.
A. any input, the more the input is hired.
You might also like to view...
In the United States, real GDP is currently calculated using
A) a variable-weighting scheme. B) a chain-weighting scheme. C) a fixed-weighting scheme. D) an autoregressive scheme.
In the United States, the most recent use of wage and price controls occurred during the:
a. Nixon administration. b. Carter administration. c. Reagan administration. d. Clinton administration.
Suppose a country experiences capital flight. Of the demand for loanable funds and the supply of currency in the market for foreign-currency exchange, which shifts right?
a. only the demand for loanable funds b. only the supply of its currency in the market for foreign-currency exchange c. both curves shift right d. neither curve shifts right
Marginal benefits are the:
A. incremental benefits of a decision. B. average benefits of a decision. C. present discounted benefit of a decision. D. total benefits of a decision.