Which of the Following Statements Is Equivalent to the Law

question 4

Multiple Choice

Which of the following statements is equivalent to the law of diminishing marginal returns?

• A)A stitch in time saves nine.
• B)You can't make an omelet without breaking eggs.
• C)Too many cooks spoil the broth.
• D)If you can't stand the heat, get out of the kitchen.

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Definitions:

Erratic

Characterized by lack of consistency, regularity, or predictability; erratic behavior can be sporadic and unpredictable.

Altruistic Punishment

The act of punishing wrongdoers at a cost to oneself, often undertaken for the sake of upholding social norms or benefiting the group.

Traditional Economist

An expert in economics who focuses on theories and models that adhere to classical and neoclassical principles, valuing market equilibrium and rational decision-making.

Evaluation Apprehension

Anxiety or concern about being judged by others, often affecting performance in tasks or decisions.