H.S. econ

My daughter is a sophomore in high school taking an econ class. Unfortunately, the teacher has chosen not to use the assigned text book, and uses other material for his tests. Therefore, I can't help her study the text. These questions were part of the review for a recent test. Can anyone tell me if these are standard beginning h.s. econ questions?

1. The law of diminishing returns (A) is the same as the law of variable proportions; (B) is always true in the short run; (C) only applies to a situation in which some of the input factors are fixed; (D)all of the above; (E)none of the above.
2. Fixed cost (A) has some influence on variable cost; (B) has no influence on marginal cost; (C) has no influence on the most profitable rate of output; (D) all of the above; (E) none of the above.
3. Total cost (A) increases as output increases; (B) is a positive but not a linear function of output and sales; (C) goes up at the same rate as the variable cost goes up; (D) all of the above; (E) none of the above.

These questions were on a paper headed: "Chapter 21 - Short-Run Analysis: How Efficiency Changes as Output Changes."

Thanks for your help.

  1. 👍
  2. 👎
  3. 👁
  1. I am wondering what your daughter's notes have in them. You can change her life and study habits, including having great notes that are included into the systematic study system here:

    http://www.pinkmonkey.com/electricdesk/elec-desk.asp

    This is a very good system, and will reduce your worries about college. This system takes work to form new habits.

    My thoughts on your questions
    1) The law of dimishing returns is not always true in the short run, and applies to many, many situations. Answer A.
    2) Fixed cost has no influence on variable cost, has no influence on marginal cost, and has no influence on most profitable rate.
    3) cost depends on output, is not linear, and goes up at the same rate as variable cost.

    I am not an economist, so think out my reasoning.

    1. 👍
    2. 👎
    👤
    bobpursley
  2. Thank you for your advice. We'll sure look at those web sites.

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. College Prep

    What is the main function of an official transcript in high school? a. to reflect high school graduation credits and requirements b.to monitor attendance and behavior c. to chart standardized test scores and class grades d. to

  2. Math

    For every girl taking classes at the martial arts school, there are 3 boys who are taking classes at the school. If there are 236 students taking classes, write and solve a proportion to predict the number of boys taking classes

  3. math

    An elementary school is offering 3 language classes: one in Spanish, one in French, and one in German. These classes are open to any of the 93 students in the school. There are 35 in the Spanish class, 31 in the French class, and

  4. english

    Identify the sentence that is correctly written in the simple present tense. a. Arlene teaches English at Plantation High School. b. Arlene is teaching a class right now. c. Arlene has been teaching English at Plantation High

  1. Math

    An elementary school is offering 3 language classes: one in Spanish, one in French, and one in German. These classes are open to any of the 107 students in the school. There are 42 in the Spanish class, 32 in the French class, and

  2. LNU math

    math In a class of 50 students it was found 21 are taking English 14 are taking Math 28 are taking History 7 are taking Math and English 10 are taking Math and History 11 are taking History and English 3 are taking all three

  3. statistics

    An introductory psychology class has 9 freshman males, 15 freshman females, 8 sophomore males, and 12 sophomore females. If one student is randomly selected from this class, what is the probability of selecting a female? Round to

  4. Math 140

    To help pay for a class trip at the end of the senior year, the junior class at a high school invests $1800 from a fund-raiser in a 18-month CD paying 2.6% interest compound monthly. Determine the amount the class will receive

  1. Career

    1.)When considering a post-secondary option, you should consult which of the following sources? A.)Your internal motivation B.)Family & friends C.)Reference Materials D.)All Of Above 2.)Sarah needs to complete financial aid

  2. English Vocubulary fourth edition

    I was not (1)______ (e)d with athletic ability. In frequent nightmare, I'm still trying to pass my mandatory gym class so that I can graduate from high school.The situation always looks grim.For one thing, the teacher has

  3. math

    For every girl taking classes at a Martin martial arts school there are 3 boys who are taking classes at the school. If there a 236 students taking the classes write and solve a proportion to predict the number of boys taking

  4. Writing

    The propmt is Write a story about a time that I did something that caused me to feel pride in myself. What is this action and why did it make me feel pride in myself. I need help writing a story into this and you proofread and

You can view more similar questions or ask a new question.