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If the law of diminishing marginal productivity holds true, both average total cost and marginal cost must diminish as output increases.
Superego
In psychoanalytic theory, the part of the personality that acts as a moral center, controlling the impulses of the id based on societal norms.
Libido
A term used in psychoanalytic theory to describe the energy of the sexual drive as a component of the life instinct.
Ego
The ego, in psychoanalytic theory, is the part of the personality that mediates between the demands of the id, the superego, and reality, playing a key role in decision making and maintaining one's sense of identity.
Id
In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.
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