The Law of Decreasing Returns Applies to

question 51

Multiple Choice

The law of decreasing returns applies to

• A) the long-run average cost curve.
• B) average total cost.
• C) diseconomies of scale.
• D) changes in a variable input with a given quantity of fixed inputs.
• E) changes in a fixed input with a given quantity of variable inputs.

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Definitions:

Grasses

A large and diverse family of plants, known scientifically as Poaceae, which includes wheat, corn, and rice, and is characterized by narrow leaves growing from the base.

Synapsids

A group of animals that includes mammals and their extinct relatives, characterized by a single temporal fenestra (an opening in the skull behind each eye).

Reptiles

Cold-blooded vertebrates characterized by scales or hard plates, such as snakes, turtles, and lizards, that reproduce mostly through eggs.

Modern-Day Mammals

Contemporary species of the mammalian class, characterized by features such as hair, three middle ear bones, and mammary glands for feeding young.