Which of the Following Statements Regarding the Marginal Product Curve

question 51

Multiple Choice

Which of the following statements regarding the marginal product curve is FALSE?

• A) Increasing marginal returns occur only when the total product increases as the number of workers increases.
• B) Increasing marginal returns is due to greater efficiency from specialization in the production process.
• C) The law of diminishing returns applies in the short run.
• D) Along the marginal product curve, increasing marginal returns occur first and then diminishing marginal returns.

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Definitions:

Categorical

Pertaining to categories, absolutes, or conditions that are explicit and unconditional, often used in logic to describe propositions that are universally true or false.

Symbolized

Represented or expressed with symbols or symbolic meaning.

Symbolized Categorical Statement

A categorical proposition expressed using symbols to denote its logical structure and relationship.

Categorical

Pertaining to absolute assertions or classifications that are without exceptions or conditions.