University of Louisiana, Lafayette - ECON 528 /ECON528 Final Exam Questions and Correct Answers (100% COMPLETE ANSWERS) ALREADY GRADED A+ | 100% satisfaction guarantee with complete solutions, (Latest update) 2025/2026

University of Louisiana, Lafayette - ECON 528 Final Exam ECON528-850-ECON528-010- 201920 Started on Monday, 8 October 2018, 10:05 PM State Finished Completed on Monday, 8 October 2018, 10:51 PM Time taken 45 mins 58 secs Marks 15.00/20.00 Grade 7.50 out of 10.00 (75%) Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Incorrect Mark 0.00 out of 1.00 The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True False The correct answer is 'False'. We should use relatively more labor if we learn that the marginal product per dollar of labor expenditures is less than a marginal product per dollar of capital expenditures. Select one: True False The correct answer is 'F