The Law of Diminishing Marginal Returns implies that:
A) US agriculture is in Stage III
B) marginal productivity will eventually decline
C) biotechnology will not continue to increase yields
D) if we add more fertilizer to a wheat field, output will decrease
Correct Answer:
Verified
Q35: MPP represents:
A) overall productivity
B) how productive all
Q36: If average productivity is increasing:
A) APP =
Q37: If average productivity is increasing:
A) MPP is
Q38: Diminishing returns begins to occur where:
A) TPP
Q39: In the equation: Y = f(A |
Q41: Stage II occurs where:
A) MPP > APP
Q42: The Law of Diminishing Returns implies that:
A)
Q43: In the following production function: Y =
Q44: The TPP for using zero units on
Q45: APP is defined as:
A) MPP/X
B) MPP/Y
C) TPP/X
D)
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