In Order for the Law of Diminishing Returns to Be

question 215

Multiple Choice

In order for the law of diminishing returns to be present, we must have

• A) at least one factor of production to be fixed.
• B) output decreasing as more laborers are hired.
• C) the price of labor increasing as more workers are hired.
• D) simultaneous changes in labor and capital.
• E) double the output when labor input is doubled.

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Definitions:

Work Unit Activities

Tasks and responsibilities assigned to a specific team or department within an organization, contributing to its overall objectives.

Recognizing

The act of acknowledging and appreciating the achievements or contributions of individuals, typically used as a motivational tool in leadership.

Desirable Behavior

Actions or conduct that are considered favorable, appropriate, or beneficial in a given social or organizational context.

Task Commitment

The level of dedication and effort an individual or team devotes to completing a specified task or assignment.