Multiple Choice
Diminishing returns occur because
A) not enough people have jobs.
B) one of the inputs to the production process is fixed.
C) consumers do not buy enough of the products produced.
D) people have not satisfied their self-interests.
Correct Answer:
Verified
Correct Answer:
Verified
Q142: When economists use the term "marginal," they
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 2.4
Q144: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 2.3
Q145: Suppose you earn $50,000 per year in
Q146: Five years ago,Tammy always took a big
Q148: The saying that "There is no such
Q149: The principle that states that the cost
Q150: When people interact in markets for their
Q151: When Jimmy produces one guitar his costs
Q152: If an economy is fully utilizing its