If Equal Increments of One Variable Input Are Added While

question 46

Multiple Choice

If equal increments of one variable input are added while keeping the amounts of all other inputs fixed, and decreasing additions to total product begin, then:

• A) diminishing marginal returns have begun.
• B) the firm is employing the least cost combination of inputs.
• C) returns to scale are constant.
• D) returns to scale are decreasing.
• E) returns to scale are increasing.

Understand the implications of assignment and privity in contract law.

Explain the legal remedies available in cases of contract breach or misrepresentation.

Describe the principle of unjust enrichment and its legal context.

Identify the circumstances under which a trust (express, constructive, or resulting) can be established.

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Definitions:

Essential Nutrient

Nutrients that the body cannot synthesize on its own and must be obtained from the diet.

Calories

Units used to measure the amount of energy food provides to the body.

Essential Amino Acids

Amino acids that cannot be synthesized by the body and must be obtained from the diet, crucial for various bodily functions.

Proteins

Organic compounds made of amino acids, essential for the growth, repair, and maintenance of body tissues.