The Main Reason Why Specialization Can Raise Productivity Is That

question 62

Multiple Choice

The main reason why specialization can raise productivity is that:

• A) knowledge in human brains is limited.
• B) some persons have more knowledge than others.
• C) it is always good to know less than more.
• D) it is impossible to learn anything well.

---

Definitions:

Marginal Utility

The additional satisfaction or utility received by a consumer from consuming one more unit of a good or service.

Total Utility

The sum satisfaction or benefit a consumer receives from consuming a particular quantity of a good or service.

Homogeneous Products

Homogeneous products are products that are considered identical by consumers and are indistinguishable in terms of quality, appearance, and performance.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.