To a Firm Facing Constant Input Prices, Increasing Marginal Returns

question 73

Multiple Choice

To a firm facing constant input prices, increasing marginal returns

• A)means that each additional unit of output costs more to produce than the previous unit
• B)means that the marginal product of the variable input decreases as more of the input is used
• C)can occur due to specialization and division of labor
• D)usually occur at very high rates of output
• E)can never occur

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Failure by a professional person to provide services with the competent and skillful level of care that is required in their profession, leading to harm or loss.

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