If There Is One Input Used in Production and If

question 10

True/False

If there is one input used in production and if there are decreasing returns to scale, then the marginal product for the input will be diminishing.

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Definitions:

Phenomena

Observable facts or events that are subject to scientific examination and explanation.

Happiness

A state of well-being and contentment characterized by positive emotions ranging from satisfaction to intense joy.

Smiling

is a facial expression formed by flexing the muscles at the edges of the mouth, typically signaling joy, amusement, or sociability.

Variable

A characteristic, number, or quantity that can change or vary, often used in research to measure and analyze differences or effects.