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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Campus

The land and buildings belonging to a university, college, or educational institution where teaching and learning occur.

Null Hypothesis

A statement in statistical hypothesis testing that assumes no significant difference or effect exists between specified populations or parameters.

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An event involving one or more vehicles in motion that results in damage or injury.