The law of diminishing marginal returns

a. explains why the average total cost and marginal cost curves are uminusshaped in the short run.

b. causes average total costs to rise at a decreasing rate as output increases.

c. explains why the average total cost, average fixed cost, and the marginal cost curves are uminusshaped in the short run.

d. causes the difference between average total cost and average variable cost to get smaller as output increases.]

(blank) is the type of competition that occurs in a competitive market without identical producers.

Sean has placed a job ad and is now interviewing potential employees. which of the following questions is he legally allowed to ask during the interview? do you have any disabilities that will require special accommodation? how many children do you have? where did you earn your degree and how has it prepared you for this position? is this your maiden name that you have listed on the job application?

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)