The Law of Diminishing Returns Applies

question 37

Multiple Choice

The law of diminishing returns applies:

• A)in the long run because all inputs are variable.
• B)in the short run because some inputs remain fixed.
• C)in both the short run and the long run.
• D)to fixed inputs in the long run.
• E)to fixed inputs in the short run.

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Definitions:

Phrenology

A now-discredited theory that suggested the bumps on the skull could predict mental traits and character.

Pseudoscientific Theory

A theory that claims to be based on scientific principles but lacks empirical support and methodological rigor.

Personality Traits

Enduring characteristics that describe an individual's behavior, such as openness, conscientiousness, and extraversion.

Brain

The organ located in the head of an organism that coordinates its actions and sensory information by transmitting signals to and from different parts of its body.