Examlex

Solved

The Idea of Diminishing Returns to an Input in Production

question 25

Multiple Choice

The idea of diminishing returns to an input in production suggests that,if a local college adds more custodians,the marginal product of labor for the custodial staff will:


Definitions:

Operant Conditioning

A learning process wherein the likelihood of a behavior's occurrence is increased or decreased through rewards or punishments.

Algebra Tests

Standardized assessments aimed at evaluating a student's understanding and proficiency in algebraic concepts and problem-solving skills.

Good Grades

Academic scores or assessments that indicate a high level of understanding or competence in the subject matter studied.

Negative Reinforcement

A process in which a response or behavior is strengthened by stopping, removing or avoiding a negative outcome or aversive stimulus.

Related Questions