Ceteris paribus,the law of diminishing returns states that beyond some point,the
A) Returns on stocks and bonds diminish with higher security prices.
B) Addition to total utility diminishes as more units of a good are consumed.
C) Marginal physical product of a factor of production diminishes as more of that factor is used.
Correct Answer:
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Q6: A production function shows the
A)Minimum amount of
Q7: Labor productivity will increase in response to
A)Lower
Q8: The short-run production function shows how output
Q9: Which of the following statements is not
Q10: Technical efficiency is achieved when a firm
Q12: A production function shows
A)How a firm's production
Q13: Diminishing returns occur because
A)Of inefficiency in the
Q14: Which of the following is the slope
Q15: The period in which at least one
Q16: ![]()
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