The Law of Diminishing Returns

question 158

Multiple Choice

The law of diminishing returns:

• A) applies only in the short run
• B) is true only when all inputs are variable
• C) implies that as we add more workers our output decreases
• D) all of the above

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Definitions:

Obedience

the act of following orders or directives from an authority figure, often studied in psychology to understand social influence and control.

Maximum Shock Intensity

The highest level of electric shock that can be safely administered to a subject in a controlled setting.

Milgram's Experiment

A series of social psychology experiments conducted by Stanley Milgram, measuring the willingness of participants to obey an authority figure instructing them to perform acts conflicting with their personal conscience.

Obedience

Obedience is the act of following orders or instructions, typically from a figure of authority.