Item 1 in the Above Figure Is Pointing to the ____

question 41

Multiple Choice

Item 1 in the above figure is pointing to the ____.

• A) Pen Options menu button
• B) Highlighter tool
• C) Slide Show menu button
• D) Felt Tip Pen tool

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Definitions:

AVC

Average Variable Cost, the variable cost per unit of output.

Law Of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if all other variables remain at a constant.

Marginal Output

The additional quantity of a product that is produced from using one more unit of an input, keeping other inputs constant.

Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the incremental output or benefit gained will eventually decrease.