Diminishing Marginal Product Occurs When

question 554

Multiple Choice

Diminishing marginal product occurs when

• A)the increases to total output are declining.
• B)marginal product is negative.
• C)total output is decreasing.
• D)All of the above are correct.

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Definitions:

Ingroup Bias

The inclination to show preference and loyalty to those within one's own group rather than to individuals from different groups.

Other-race Effect

The tendency to more easily recognize faces of the race that one is most familiar with (often one’s own race) than those of other races.

Ingroup Bias

The tendency to favor members of one's own group over those from external groups.

Social Identities

The part of an individual's self-concept derived from their perceived membership in social groups.