Which of the Following Is Consistent with Diminishing Marginal Returns

question 25

Multiple Choice

Which of the following is consistent with diminishing marginal returns?

• A)increasing labor by 10% and output increasing 10%.
• B)increasing labor by 10% and output prices increase by less than 10%.
• C)increasing labor by 10% and the marginal product of labor increasing 10%.
• D)increasing labor by 10% and output increasing by less than 10%.

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Definitions:

Internally Driven

Motivated by personal values, desires, or goals rather than external pressures.

Self-starters

Individuals who are motivated and able to begin or continue tasks without external prodding or supervision, often highly valued in entrepreneurial and professional settings.

Psychological Motivation

Psychological Motivation refers to the internal processes and desires, such as needs, wants, and goals, that drive individuals to pursue and achieve certain actions or outcomes.

Achievement

A significant accomplishment or attainment, often marked by effort or skill.