Thomas Malthus' prediction of mass starvation resulting from diminishing marginal returns has NOT been fulfilled because
A) the law of diminishing marginal returns did not hold in this case.
B) Malthus ignored other factors like technological change.
C) relative to Malthus' day, a larger percentage of today's labor force works in the agricultural sector.
D) All of the above.
Correct Answer:
Verified
Q40: Given the production function q = 4L
Q41: Isoquants
A)hold utility constant.
B)hold capital constant.
C)hold labor constant.
D)hold
Q43: Q44: Q46: The steeper an isoquant is Q47: Explain the difference between diminishing returns to Q47: Which situation is most likely to exhibit Q48: Joey cuts lawns during the summer. Let Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)the greater is