Virtues Can Include Natural Qualities Such as ______

question 45

Multiple Choice

Virtues can include natural qualities such as ______.

• A)intelligence
• B)strength
• C)compassion
• D)all of these

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Definitions:

Decreasing Returns

The phenomenon where an increase in the input of resources leads to a less proportional increase in output.

Marginal Product

The additional output that is produced by employing one more unit of a particular input, with all other inputs held constant.

Input

Resources that are used in the production process to create goods or services, such as labor, materials, and capital.

Returns To Scale

In production theory, the change in output resulting from a proportional change in all inputs; can be increasing, constant, or decreasing.