Examlex

Solved

Figure 2-13 -Refer to Figure 2-10.The Slope of the Curve Between Points

question 195

Multiple Choice

Figure 2-13 Figure 2-13   -Refer to Figure 2-10.The slope of the curve between points A and B is A)  -5/2 B)  -2/5 C)  2/5 D)  5/2
-Refer to Figure 2-10.The slope of the curve between points A and B is


Definitions:

Marginal Product

The extra production generated when one more unit of a particular input is added, with all other inputs remaining unchanged.

Law of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.

Extra Output

The additional production that is generated as a result of adding more of a variable input, such as labor or capital.

Diminishing Returns

A principle stating that as additional amounts of a variable input are added to a fixed input, beyond some point the marginal product of the variable input begins to decrease.

Related Questions