Because of Diminishing Returns, a Factor in Relatively Low Supply

question 400

Multiple Choice

Because of diminishing returns, a factor in relatively low supply has a

• A)low marginal product and a low rental price.
• B)low marginal product and a high rental price.
• C)high marginal product and a low rental price.
• D)high marginal product and a high rental price.

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Definitions:

Opening

The initial part or phase of something, such as a book, speech, or event, that sets the stage or introduces themes, characters, or objectives.

Clear Statement

A clear statement conveys information or expresses an idea in an unambiguous and easily understandable manner.

Routine Message

Ordinary or everyday communication that conveys information or requests in a standard, predictable format, often used in business or professional settings.

Product Operation

The manner in which a product functions or is intended to be used, including its features, capabilities, and user interface.