The Law of Diminishing Returns Implies That, with the Quantity

question 265

Multiple Choice

The law of diminishing returns implies that, with the quantity of capital fixed, as the use of labor rises

• A) total product will fall eventually.
• B) the marginal product of labor will fall eventually.
• C) the total product of labor will fall below the marginal product of labor.
• D) the production process will become technologically inefficient eventually.

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Definitions:

AIDA Plan

A marketing model that outlines the process for achieving successful advertising or sales strategies, standing for Attention, Interest, Desire, and Action.

Benefit Them

To have a positive effect on someone or provide them with an advantage.

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Generalization

The process or method of formulating general concepts by abstracting common properties of specific instances.