A Firm Experiences Diminishing Marginal Returns Because

question 96

Multiple Choice

A firm experiences diminishing marginal returns because

• A) all factors of production are variable.
• B) people "learn by doing."
• C) all factors of production are fixed.
• D) at least one factor of production is fixed.

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Definitions:

Philippines

A Southeast Asian country in the Western Pacific, comprising more than 7,000 islands, known for its waterfront promenade, colonial architecture, and diverse culture and history.

1898

Marked significant events such as the Spanish-American War, leading to the U.S. acquiring territories like Puerto Rico, Guam, and the Philippines.

1916

A year marked by significant global events, including World War I battles and the Easter Rising in Ireland.

Imperialists

Advocates for imperialism, which is the policy of extending a country's power and influence through colonization, use of military force, or other means.