The Rule That States That as a Firm Uses More

question 26

Multiple Choice

The rule that states that as a firm uses more of a variable resource with a fixed resource and fixed technology the additional, or extra, output will fall is known as

• A)The law of substantiated return
• B)The law of diminishing total product
• C)The law of diminishing marginal product
• D)The law of increasing marginal product

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Definitions:

Shelves

Flat horizontal surfaces made of various materials, used for holding or displaying items in a organized manner.

Color-coding

The use of colors to identify, classify, or organize items or information in an intuitive and visual manner.

Terminal Digit Filing

A filing system that organizes records by the last number of a sequence, facilitating evenly distributed and scalable storage.

Numeric Filing

An organizational system for documents or records based on numbers for easy identification and retrieval.