The principle of diminishing marginal utility: Group of answer choices assumes all goods are normal. indicates that, if a good is inferior, less of it will be purchased when income falls. refers to the tendency of total utility to increase until an individual's budget is no longer constrained. refers to the tendency of marginal utility to decline as the amount of consumption of a good or service increases.

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

Why do police officers get paid less than professional baseball players?

In macroeconomics, to study the aggregate means to study blank