Diminishing Marginal Returns for the First Four Units of a Variable

question 195

Multiple Choice

Diminishing marginal returns for the first four units of a variable input is exhibited by the total product sequence:

• A) 5, 4, 3, 2.
• B) 5, 5, 5, 5.
• C) 5, 9, 12, 14.
• D) 5, 10, 15, 20.

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Definitions:

Class-for-itself

Refers to a social group that is self-aware of its social position and its interests within the broader social structure.

Exploitation

The action or fact of treating someone unfairly in order to benefit from their work or resources.

Proletariat

Workers or the working class, especially those without substantial capital or ownership of production means, in Marxist theory and analysis.

Human Potential

The innate abilities and capacities that individuals may develop and achieve throughout their lives.