The Observation That Beyond Some Point, Successive Increases in a Variable

question 146

Multiple Choice

The observation that beyond some point, successive increases in a variable factor of production added to a fixed factor of production lead to smaller and smaller increases in output is

• A) the law of marginal utility.
• B) the law of averages.
• C) the law of diminishing marginal product.
• D) the law of opportunity costs.

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Definitions:

Unusual Behavior

Actions or reactions of an individual or group that deviate from what is typically expected or considered normal by societal standards.

Psychological Abnormality

Behaviors, thoughts, or emotions that deviate significantly from societal norms or expectations, often resulting in distress or impairment.

Psychiatric Diagnosis

The identification of mental disorders based on symptom assessment, clinical interviews, and diagnostic guidelines.

Surveys

Research methods involving the collection of data from a predefined group of respondents.