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:

Phytochrome

A pigment found in plants that absorbs light and is involved in regulating plant development, such as seed germination and flowering.

Germination

The process by which a plant grows from a seed or similar structure, often requiring specific environmental conditions to initiate.

Grand Rapids Lettuce

A variety of lettuce known for its crispness and resistance to bolting, commonly used in salads.

Red Light

A portion of the visible light spectrum with the longest wavelengths, often used in various signaling devices and therapeutic practices.