Suppose Labor Is the Only Variable That Changes

question 122

Multiple Choice

Suppose labor is the only variable that changes. If production displays diminishing marginal returns, each additional unit of labor

• A) adds more and more to total output.
• B) adds less and less to total output.
• C) adds a fixed amount to total output.
• D) actually decreases output.

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Definitions:

Delivered

Successfully transferred or brought to a specified destination.

Effect

The result or outcome that is produced by a cause or agent; it shows how something influences the state of something else.

Affect

The experience of feeling or emotion, which can influence an individual's perception and behavior.

Epidemic

A widespread outbreak of an infectious disease in a community at a particular time.