The "Law" of Diminishing Returns

question 21

Multiple Choice

The "law" of diminishing returns

• A)is deduced from the basic biochemical relationship of agricultural theory.
• B)was constructed as the basis of observation during experiments on the impact of fertilizer on output in the 1930s.
• C)is based on regular observations of input-output relationships over the last two centuries.
• D)is borrowed from physical laws related to conversion of matter and energy.

---

Definitions:

Idle Capacity

Unused production capability, where available resources such as machinery or labor are not fully utilized.

Financial Advantage

Refers to the benefit gained in financial terms, which could be through cost savings, revenue increase, or any other financial gain.

Special Discounted Price

A lower than the usual price offered on goods or services, typically for promotional purposes or to specific customer groups.

Milling Machines

A type of machine tool used to machine solid materials, such as metal, by removing material to form shapes.