Examlex
Acquiring a second language can result in a number of benefits. Which of the following is not one of the benefits described in the text?
Law Of Diminishing Returns
An economic principle stating that if one input in the production of a commodity is increased while all other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.
Fixed Factor
A resource in the production process that remains constant, regardless of the level of output or production over a certain time period.
Total Product Curve
A graphical representation showing the output of a firm in relation to a single input while holding other inputs constant.
Marginal Product
The additional output produced as a result of adding one more unit of a particular input, keeping other inputs constant.
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