The Law of Diminishing Marginal Returns Is

question 40

Multiple Choice

The law of diminishing marginal returns is

• A)the same concept as economies of scale.
• B)another name for the law of diminishing marginal utility.
• C)important for long-run economic analysis.
• D)relevant to the production of goods, but not services.
• E)none of the above

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Definitions:

Neandertals

An extinct species or subspecies of archaic humans who lived in Eurasia until about 40,000 years ago, known for their robust build and large brain capacity.

Genus

In the system of plant and animal classification, a group of like species.

Mousterian Tools

Stone tools associated with Neanderthal cultures, known for their specific flaking technique.

Neandertal

An extinct species of human characterized by robust physical features, known to have lived in Europe and parts of Asia until about 40,000 years ago.