Diminishing Returns Refers to the Decrease in

question 41

Multiple Choice

Diminishing returns refers to the decrease in

• A)profit that results from increases in output.
• B)average total cost that results from decreases in input prices.
• C)average product that results from increases in the variable input.
• D)marginal product that results from increases in the variable input.
• E)long-run average cost that results from increases in output.

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Definitions:

Bedsore

A sore that develops on the body due to prolonged pressure from lying in one position.

Alopecia

A condition causing hair loss from some or all areas of the body, typically the scalp.

Baldness

The condition of having a lack of hair on the scalp, also known as alopecia.

Cicatrix

The medical term for a scar that is left on the skin after a wound has healed.