________ Marginal Returns Implies ________ Marginal Costs

question 379

Multiple Choice

________ marginal returns implies ________ marginal costs.

• A) Diminishing; decreasing
• B) Increasing; increasing
• C) Diminishing; increasing
• D) Increasing; constant

---

Definitions:

Excludable

A characteristic of a good or service whereby it is possible to prevent non-payers from consuming it.

Rival In Consumption

A characteristic of a good whereby its consumption by one individual diminishes the ability of another individual to consume it.

National Defense

Represents the government's actions and policies aimed at protecting its country from external threats, typically involving military and defense strategies.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without permission.