Diminishing Marginal Returns Means That

question 155

Multiple Choice

Diminishing marginal returns means that:

• A) each additional unit of an input will decrease output.
• B) each additional unit of an input will increase output, but by smaller and smaller amounts.
• C) each additional unit of an input will increase output by larger and larger amounts.
• D) the firm is maximizing profit.

---

Definitions:

Defined Name

A feature in spreadsheet software that allows users to assign a meaningful name to a cell, range of cells, formula, or constant value.

Scope

The extent to which variables, functions, and declarations are visible or able to be used within a portion of a program.

Edit

To make changes to a document or file, altering its content or format.

Name Manager

A feature in spreadsheet applications that allows users to manage named ranges, constants, and formulas, simplifying the process of referencing data.