Diminishing Marginal Returns to Labor Imply That

question 42

Multiple Choice

Diminishing marginal returns to labor imply that

• A) fixed costs will remain constant as the firm's output increases.
• B) the firm's short-run marginal cost curve will be upward sloping.
• C) the firm enjoys increasing returns to scale in the long run.
• D) the firm will be unable to earn short-run economic profit.

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Definitions:

Primary Prevention

Strategies or actions taken to prevent a disease or injury before it ever occurs.

Shortness of Breath

A condition where an individual experiences difficulty breathing, feeling unable to get enough air; medically known as dyspnea.

Emergency Department

A specialized unit in a hospital that provides immediate treatment to patients with acute illnesses or injuries.

Preventive Care

Healthcare practices aimed at preventing diseases or conditions rather than treating them once they have developed, including screenings, vaccinations, and lifestyle advice.