The Law of Diminishing Marginal Returns Explains the General Shape

question 21

Multiple Choice

The law of diminishing marginal returns explains the general shape of the firm's

• A) long-run cost curves.
• B) short-run cost curves.
• C) both short-run and long-run cost curves.
• D) The law of diminishing returns has nothing to do with cost curves.

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Definitions:

Synaptic Vesicle

a small, spherical sac containing neurotransmitters, found in the nerve endings, crucial for transmitting signals between neurons.

Myelin

A fatty substance that surrounds neurons' axons, facilitating faster transmission of electrical signals.

Receptor Site

A receptor site is a specific location on a cell surface where certain molecules, such as hormones or neurotransmitters, bind to trigger a change in the cell's function or activity.

Myelin

A fatty substance that forms a sheath around the axons of many neurons, helping to speed the conduction of nerve impulses.