When You Have Diminishing Marginal Returns to Labor

question 18

Multiple Choice

When you have diminishing marginal returns to labor,

• A)variable costs remain constant as more output is produced.
• B)variable costs fall as more output is produced.
• C)variable costs rise as more output is produced.
• D)fixed costs rise as more output is produced because you have to buy more equipment to compensate.

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Definitions:

Swan-neck Deformity

A condition characterized by hyperextension of the proximal interphalangeal joint and flexion of the distal interphalangeal joint of the fingers, often associated with rheumatoid arthritis.

Ulnar Deviation

A hand condition where the fingers bend towards the ulna bone and the outer side of the forearm, often associated with rheumatoid arthritis.

Rheumatoid Arthritis

A chronic autoimmune condition causing inflammation, pain, and deformity in the joints.

Rotator Cuff Lesions

Injuries to the group of muscles and tendons that stabilize the shoulder joint, resulting in pain, weakness, and reduced range of motion.