Which of the Following Is an Implication of the Law

question 40

Multiple Choice

Which of the following is an implication of the law of diminishing returns?

• A) Total output will decline as more workers are hired.
• B) In the long run, average total cost will eventually decline as output is expanded.
• C) In the short run, expansion of output will eventually lead to increases in marginal cost and average total cost.
• D) A doubling of all inputs will lead to more than a doubling of output.

---

Definitions:

Inductive Reasoning

A rational approach where a number of premises, believed to be true or usually true, are amalgamated to achieve a certain conclusion.

Mental Age

A measure of an individual's cognitive development based on the age at which typical individuals achieve a certain level of intellectual performance.

Chronological Age

The actual age of a person or thing as measured in years from the date of birth or creation.

Criterion Validity

The extent to which a measurement is related to an outcome that it is supposed to predict, indicating the usefulness of the test.