When at Least One Factor of Production Is Fixed, Firms

question 92

Multiple Choice

When at least one factor of production is fixed, firms require more and more workers to produce each additional unit of output. This describes

• A) increasing marginal returns.
• B) diminishing marginal returns.
• C) learning by doing.
• D) short-run adjustments.

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Definitions:

Parental Teaching

Parental teaching involves parents actively engaging in their child's learning process, imparting knowledge, skills, and values through direct and indirect methods.

Motor Area

A region of the cerebral cortex involved in planning, controlling, and executing voluntary movements.

Body Part

Any section or component of an organism that is identified as an independent unit.

Alpha Rhythm

A pattern of neural oscillations in the frequency range of 8–12 Hz detected in the brain's electrical activity, often associated with a state of relaxation.