The Following Table Shows the Output of Chairs Produced by a Firm

question 7

Multiple Choice

The following table shows the output of chairs produced by a firm at different units of capital rented. The price per chair is $10.

-Refer to the table above.When does diminishing marginal returns to capital set in?

• A) When the second machine is used
• B) When the third machine is used
• C) When the fourth machine is used
• D) When the fifth machine is used

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Definitions:

Geothermal Power

Energy produced from the natural heat stored beneath the Earth's surface, used for electricity generation or heating.

Energy Efficiency

The ratio of useful output of energy to the total input energy, reflecting how well energy is converted into useful work.

Carbon Dioxide Emissions

The release of CO2 into the atmosphere, primarily from burning fossil fuels, which contributes to global warming and climate change.

Land Use

Refers to the management and modification of natural environments or wilderness into built environments such as settlements and semi-natural habitats.