At the Point Where Diminishing Marginal Returns of an Input

question 83

Multiple Choice

At the point where diminishing marginal returns of an input sets in, the

• A)average product starts to decrease.
• B)marginal product starts to decrease.
• C)total product starts to decrease.
• D)average product exceeds the marginal product.

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean of the set.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically the mean, indicating the variability of an estimate.

Mean

The mean is the average of a set of numbers, calculated by adding them all together and then dividing by the count of those numbers.