Diminishing Returns to Labor Implies That

question 97

Multiple Choice

Diminishing returns to labor implies that:

• A) as output increases, labor increases.
• B) as labor increases, output decreases.
• C) as labor increases, labor productivity decreases.
• D) as labor increases output increases.

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Definitions:

Ideal

A conception or standard of perfection, serving as a model or criterion for comparison, often unattainable or abstract.

Actual

Actual refers to something existing in reality or fact, not merely potential or hypothetical, but truly present or occurring.

Social

Relating to society, the interactions amongst individuals and groups, and the structure of communities and relationships.

Mental Aptitude

The capacity of an individual to learn, understand, and make judgments or have opinions based on reason.