Diminishing Returns to Capital Is a Consequence of Firms' Incentives

question 21

Multiple Choice

Diminishing returns to capital is a consequence of firms' incentives to use each piece of capital as productively as possible and illustrates the:

• A)principle of comparative advantage.
• B)principle of increasing opportunity costs.
• C)scarcity principle.
• D)cost-benefit principle.

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Southern Democrats

A faction within the Democratic Party in the United States, historically associated with pro-slavery and segregationist policies, especially before and during the Civil War.

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