If Capital Is a Variable Input in a Production Process,the

question 96

Multiple Choice

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

• A)total product is minimized.
• B)capital's marginal product is positive and less than one.
• C)total product is maximized.
• D)marginal product of capital eventually decreases.
• E)marginal product of capital is constant.

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Households with an income significantly above the average, often associated with greater purchasing power and wealth accumulation.

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Employment status characterized by working the number of hours defined as standard by an employer, typically around 40 hours per week.

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