Diminishing Marginal Returns Refers to a Situation Where the ________

question 79

Multiple Choice

Diminishing marginal returns refers to a situation where the ________ of an additional worker is less than the ________ of the previous worker.

• A)marginal cost;marginal cost
• B)average cost;average cost
• C)marginal product;marginal product
• D)average product;average product
• E)marginal product;average product

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Definitions:

Companies

Legal entities established to engage in business activities, ranging from small enterprises to multinational corporations, recognized by law as having rights and responsibilities.

Current

Pertaining to the present time or most recent.

Lamp Shades

Covers used to diffuse the light from a lamp, often decorative and used to control the lighting ambiance of a room.

Exchange

A process by which two parties come to a mutual agreement to trade goods, services, or information.