If a publishing company purchases faster computers to speed up word processing,

Question

If a publishing company purchases faster computers to speed up word processing,

a. the supply of editors will decrease b. the wages of its editors will decrease, which will shift the demand for editors to the right c. the wages of its editors will increase, which will shift the demand for editors to the right d. the marginal product of its editors will increase, which will shift the demand for editors to the right e. the marginal product of its editors will increase, which will shift the demand for editors to the left

Suppose that with two fro-yo machines, 12 workers produce eight quarts of fro-yo. If the marginal product of the thirteenth worker is two quarts, then

a. the law of diminishing returns cannot be operating in this example b. diminishing returns must begin with the thirteenth worker c. the thirteenth worker alone produces ten quarts d. thirteen workers produce ten quarts e. thirteen workers produce two quarts

Explanation / Answer

d. the marginal product of its editors will increase, which will shift the demand for editors to the right

d. thirteen workers produce ten quarts

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