Diminishing Marginal Returns to Labour Occur Because

question 50

Multiple Choice

Diminishing marginal returns to labour occur because

• A) workers become more efficient over time.
• B) after a while it is hard to find a good worker.
• C) larger companies are less efficient.
• D) the capital resources used by the firm are fixed in the short run.

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Definitions:

Erikson

Refers to Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on the psychosocial development of human beings, outlining eight stages from infancy to adulthood.

Eighteen Years Old

The age at which an individual is legally recognized as an adult in many countries, with associated rights and responsibilities.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Projection

A defense mechanism in psychology where individuals attribute their own unacceptable thoughts, feelings, and motives to another person.