It Is _______ for a Factor of Production to Have

question 138

Multiple Choice

It is _______ for a factor of production to have _______ .

• A) impossible; negative marginal returns
• B) possible; negative marginal returns
• C) impossible; a marginal product of zero
• D) none of the above are correct

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Definitions:

Distribution Of Income

The way in which a nation’s total income is distributed among its population, affecting economic disparity and wealth distribution.

Income Equality

The extent to which income is distributed in a relatively equal manner among the population.

Two-Year Data

Information or statistical figures collected or observed over a two-year period.

Lorenz Curves

Graphical representations showing the distribution of income or wealth within an economy, illustrating disparities in wealth distribution.