The Law of Diminishing Returns Makes It Clear That as More

question 343

Multiple Choice

The law of diminishing returns makes it clear that as more a variable input is employed, in the ________ the marginal product of the variable input eventually will ________.

• A) short run; rise
• B) long run; rise
• C) short run; fall
• D) long run; fall

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Definitions:

Computer Drives

Devices within a computer system that are used for storing data, such as hard drives, solid state drives, or optical drives.

Common Population Variance

An assumption in certain statistical analyses that the variance among different groups or populations is the same.

Color Brightness

A measure of how much light a color reflects, often related to its perceived intensity or saturation when viewed.

Degrees of Freedom

A parameter used in statistical tests that describes the number of independent ways by which a statistical estimate can vary.