The Law Stating That Added Quantities of a Variable Resource

question 56

Multiple Choice

The law stating that added quantities of a variable resource will eventually result in less additional output is called the

• A) law of consumer sovereignty.
• B) profit maximization rule.
• C) law of diminishing marginal returns.
• D) law of unintended consequences.
• E) antivariable output law.

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Definitions:

Interference Theory

A theory that explains forgetting in the human memory as a result of conflicting information interfering with the retrieval of stored memories.

Forgetting

The loss or decline in the ability to recall or recognize something that was previously learned or experienced.

Prospective Memory

Recalling a previously planned intention or executing a predetermined action at a future date.

Declarative Memory

A type of long-term memory that involves the conscious recall of facts and events.