When Thomas Malthus argued that the prospects for human flourishing were gloomy and that starvation would eventually become the normal human condition he was assuming that
A) Diseconomies of scale will become more commonplace
B) Diminishing returns to production will become more apparent
C) Epidemics will overpower the many technological advances that he expected
D) Self interest will become more intense and religion will cease to be an influential force in society
Correct Answer:
Verified
Q16: In the long run
A)All inputs are fixed
B)Only
Q17: When the marginal product curve lies above
Q17: A fixed input is an input that
A)can
Q18: The average product of a variable input
A)Decreases
Q19: Geometrically, the marginal product
A)Is the slope of
Q21: The rate at which one input can
Q22: On an isoquant, the MRTS is
Q24: Say you own a Mexican place that
Q25: On this chapter quiz for this course
Q25: For any constant returns production function, the
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