"As Additional Units of a Variable Input Are Added to a Fixed

question 209

Multiple Choice

"As additional units of a variable input are added to a fixed input, eventually the marginal physical product of the variable input will decline." This is a statement of the

• A)law of supply.
• B)average-marginal rule.
• C)law of diminishing marginal utility.
• D)law of diminishing marginal returns.

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Definitions:

Attitude

A psychological construct representing an individual's degree of like or dislike for an item.

Belief

An acceptance that something exists or is true, especially one without proof.

Fundamental Attribution Error

A cognitive bias that causes people to overemphasize personal characteristics and ignore situational factors in judging others' behavior.

Good Actions

Behaviors or deeds that are ethically right, beneficial to others, or contribute positively to society.