Refer to the Following:
the Amount of Total Output Produced

question 43

Multiple Choice

Refer to the following:
The amount of total output produced from various combinations of labor and capital.

$$\begin{array}{l}     \text { Units of Capital }\\\begin{array} { c c c c c c } & & 1 & 2 & 3 & 4 \\\hline \text { Units } & 1 & 20 & 36 & 48 & 53 \\\text { of } & 2 & 38 & 68 & 88 & 94 \\\text { Iabor } & 3 & 53 & 94 & 122 & 133 \\& 4& 63 & 112 & 148 & 164 \\& 5 & 68 & 120 & 164 & 184\end{array}\end{array}$$
-Diminishing marginal productivity

• A) occurs when the marginal product curve begins to slope downward.
• B) means that adding one more unit of the variable input will reduce total product.
• C) occurs eventually because each additional unit of the variable unit has, on average, fewer units of the fixed input with which to work.
• D) both a and c
• E) both b and c

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Definitions:

Upper Class

A social group consisting of people who have the highest social rank and who are usually wealthy.

Concrete Experience

Is obtained by seeing, touching, tasting, smelling, or hearing.

Cultural Values

Core principles and ideals that shape the social behaviors, practices, and norms within a culture or society.

Survival Value

The contribution of a trait, behavior, or resource to an individual’s or species’ likelihood of survival and successful reproduction in their environment.