Which of the Following Is an Implication of the Law

question 40

Multiple Choice

Which of the following is an implication of the law of diminishing returns?

• A) Total output will decline as more workers are hired.
• B) In the long run, average total cost will eventually decline as output is expanded.
• C) In the short run, expansion of output will eventually lead to increases in marginal cost and average total cost.
• D) A doubling of all inputs will lead to more than a doubling of output.

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Definitions:

Enduring Traits

Persistent characteristics or qualities of an individual's personality that are stable over time and across situations.

Social Leadership

The ability to guide, influence, or direct a group towards achieving shared goals.

Structured Interviews

A systematic method of interviewing where each respondent is asked a set of predetermined questions in a specific order.

Performance Appraisal

A systematic evaluation of an employee's work performance over a specific period of time.