If Capital Is a Variable Input in Production, the Law

question 203

Multiple Choice

If capital is a variable input in production, the law of diminishing marginal returns implies that in the short run

• A) capitalʹs marginal product is constant.
• B) capitalʹs marginal product decreases after a certain point.
• C) total product is negative.
• D) total product is negative after a certain point has been reached.

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Definitions:

Invasion of Privacy

An intrusion upon the personal life of another, without just cause, which can give the person whose privacy has been invaded a right to bring a lawsuit for damages against the person or entity that intruded.

Immigration Act

Legislation governing the conditions under which non-citizens can enter, reside in, or be removed from a country. Specific acts vary by country and period.

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Employment-at-Will Doctrine

A legal principle that employment is voluntary for both parties and can be terminated by either the employee or employer at any time, for any reason.