Increasing Marginal Returns to Labour Might Occur at Low Levels

question 34

Multiple Choice

Increasing marginal returns to labour might occur at low levels of labour input because of

• A) increasing average costs.
• B) decreasing use of machinery and increasing use of technology.
• C) differing factor proportions.
• D) increasing specialisation of tasks.

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Definitions:

Neural Networks

Computational models inspired by the human brain's structure and function, used in artificial intelligence to recognize patterns and solve complex problems.

Brain Scans

Medical imaging techniques, such as MRI or CT scans, used to visualize the structure and function of the brain.

Verbs

Words that express actions, occurrences, or states of being.

Two-Word Stage

Beginning about age 2, the stage in speech development during which a child speaks mostly in two-word statements.