If Production Displays Diminishing Returns for All Inputs, Then

question 64

Multiple Choice

If production displays diminishing returns for all inputs, then:

• A)it must also display constant returns to scale.
• B)it must also display increasing returns to scale.
• C)it must also display decreasing returns to scale.
• D)total product need never decline.
• E)any of the above might apply.

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Definitions:

Antabuse

Disulfiram, a drug that is used to make the experience of drinking extremely aversive. It blocks the action of the metabolizing enzyme acetaldehyde dehydrogenase, resulting in a build-up of acetaldehyde in the body. Like people who naturally lack this enzyme, people who drink alcohol after taking Antabuse experience increased heart rate, nausea, vomiting, and other unpleasant effects.

Reducing Alcohol

The practice of decreasing alcohol intake, often aimed at improving health, avoiding adverse effects, or recovering from dependency.

Naltrexone

A medication primarily used in the management of alcohol dependence and opioid dependence.

Alcohol Use Disorder

A health issue characterized by an inability to control or stop alcohol consumption, in spite of facing serious negative consequences in social settings, at work, or health-wise.