When the Marginal Product of an Input Declines as the Quantity

question 619

Multiple Choice

When the marginal product of an input declines as the quantity of that input increases, the production function exhibits

• A)increasing marginal product.
• B)diminishing marginal product.
• C)diminishing total product.
• D)Both b and c are correct.

---

Definitions:

Cognitive Functioning

The mental processes involved in obtaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Overall Functioning

An individual's general level of performance in various areas of life, often considered in psychological and medical contexts to assess health or disability.

Personality Disorders

Mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.

Axis II

A classification within the Diagnostic and Statistical Manual of Mental Disorders (DSM) that deals with personality disorders and mental retardation.