As a Result of Severe Flooding,a Farmer Loses Half of His

question 33

Multiple Choice

As a result of severe flooding,a farmer loses half of his productive farmland.If the property of diminishing returns applies to all factors of production,he should expect to see

• A) an increase in the marginal productivity of his remaining land and an increase in the marginal productivity of his labor.
• B) an increase in the marginal productivity of his remaining land and a decrease in the marginal productivity of his labor.
• C) a decrease in the marginal productivity of his remaining land and an increase in the marginal productivity of his labor.
• D) a decrease in the marginal productivity of his remaining land and a decrease in the marginal productivity of his labor.

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Definitions:

Direction

The course along which someone or something moves, or is aimed or pointed, often described as vectors in mathematical contexts.

Nonlinear

Not linear; indicating a relationship in which the change in outcome does not correspond to a constant change in the independent variable.

Temperature

A measure of the degree of internal heat of an object or environment, commonly measured in degrees Celsius, Fahrenheit, or Kelvin.

Preferences

Individual tastes or choices among a set of options or goods.