Diminishing Marginal Returns Occurs When

question 114

Multiple Choice

Diminishing marginal returns occurs when

• A) each additional unit of a variable factor adds less to total output than the previous unit, given constant quantities of other factors.
• B) each additional unit of a variable factor adds more to total output than the previous unit, given constant quantities of other factors.
• C) each additional unit of a variable factor diminishes total output, given constant quantities of other factors.
• D) each additional unit of a variable factor adds a constant amount to total output than the previous unit, given diminishing quantities of other factors.

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Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the members of the set diverge from the mean.

Z-Score

A statistical measure that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.