Which of the Following Is NOT True When the Firm

question 197

Multiple Choice

Which of the following is NOT true when the firm experiences diminishing marginal product?

• A) The total product is decreasing.
• B) The marginal product of the previous worker is higher than the current worker.
• C) The firm is operating in the short run.
• D) The firm's total cost is increasing.

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Definitions:

Elicited

Brought about, provoked, or drawn out by a stimulus or action; in research, responses or actions that are drawn out by specific experimental conditions.

Emitted

Released or given off, often used in the context of light, heat, or sound.

Generalization

The process by which the brain applies previous learning to new situations that are similar but not identical.

Instrumental Learning

also known as operant conditioning, is a method of learning that occurs through rewards and punishments for behavior.