According to the Principle of Diminishing Returns, If the Number

question 125

Multiple Choice

According to the principle of diminishing returns, if the number of workers is increased beyond the point of diminishing returns, then the additional worker:

• A) increases total output by less than the amount of previous workers.
• B) increases total output by the same amount as previous workers.
• C) decreases total output.
• D) increases total output by more than the amount of previous workers.

Recognize the differences between intrinsic and extrinsic benefits.

Comprehend Maslow's hierarchy of needs and its application to understanding human motivations.

Identify techniques for developing vivid, specific reader benefits.

Distinguish between effective and ineffective methods of brainstorming reader benefits.

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Definitions:

APC

APC, or Average Propensity to Consume, is the ratio of total consumption to total disposable income, indicating how much income is spent.

Induced Consumption

The portion of consumer spending that changes in response to changes in disposable income.

Disposable Income

The sum of funds that individuals or families can allocate towards savings or expenditure once they've deducted income taxes.

Disposable Income

The liquidity pool available for households to channel into saving and spending after income tax deductions.