If a firm uses labor to produce output, the firm's production function depicts the relationship between a. fixed inputs and variable inputs in the short run. b. the maximum quantity that the firm can produce as it adds more capital to a fixed quantity of labor. c. the number of workers and the quantity of output. d. marginal product and marginal cost.

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?