Given Constant Quantities of All Other Factors of Production, When

question 63

Multiple Choice

Given constant quantities of all other factors of production, when additional units of a variable factor of production add less and less to total output, then the firm is experiencing:

• A) constant marginal returns.
• B) increasing marginal returns.
• C) diminishing marginal returns.
• D) negative marginal returns.

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Definitions:

Minority Group

A group of people differentiated from the social majority, often categorised by race, religion, language, or ethnicity, and frequently facing varying degrees of marginalisation.

Dominant Group

The social group considered to have the most power, authority, and influence within a society.

Salad Bowl

A metaphor for a society where multiple cultures coexist while maintaining their individuality, unlike the melting pot where cultures blend into a homogenous whole.

Pluralism

A cultural pattern of intergroup relations that encourages racial and ethnic variation and acceptance within a society.