Once Diminishing Returns Have Set In,as Output Increases,the Total Cost

question 102

Multiple Choice

Once diminishing returns have set in,as output increases,the total cost curve:

• A)gets steeper.
• B)gets flatter.
• C)becomes horizontal.
• D)increases at first,and then decreases.

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Definitions:

Stereotyping

The act of assigning specific characteristics, behaviors, or roles to individuals based solely on their membership in a particular social group.

Social Setting

The surroundings or environment in which social interactions and behaviors occur.

Personal Orientation

An individual's characteristic approach to life, encompassing attitudes, values, and beliefs that influence behavior and interactions with others.

Sensation-Type

A psychological characteristic indicating a preference for sensory experience and concrete information.