The Law of Diminishing Returns States That If Increasing Quantities

question 54

Multiple Choice

The law of diminishing returns states that if increasing quantities of a variable factor are applied to a given quantity of fixed factors,then

• A)the MP and the AP of the variable factor will eventually decrease.
• B)the MP will eventually decrease with constant AP.
• C)the AP will eventually decrease with constant MP.
• D)the AP will eventually decrease,but only if TP is held constant.
• E)TP will eventually begin to fall.

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Definitions:

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

Esteem

The respect and admiration that an individual receives from others, often linked to self-confidence and self-value.

Motivational Factors

Elements or conditions that inspire individuals to act or behave in a certain way to achieve desired objectives.

Maintenance Factors

are aspects or activities required to keep a system, equipment, or process operating smoothly and effectively.