​Sketch the Graph of the Function Below, Being Sure to Include

question 61

Multiple Choice

​Sketch the graph of the function below, being sure to include at least two full periods. ​
​y = 2 cos​( x - )
​ ​

• A)​
• B)​
• C)​
• D)​

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Definitions:

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.

Decreasing Returns

A condition in economics where adding more input (like labor or capital) leads to progressively smaller increases in output.

Long-Run

A term referring to a period of time in economics during which all factors of production and costs are variable.

Short-Run

A period where at least one factor of production is fixed, and firms can only adjust the variable factors.