Which of the Following Was Not One of Malthus Assumptions

question 76

Multiple Choice

Which of the following was not one of Malthus assumptions?

• A) stable prices
• B) production with only two inputs - land and labor
• C) a fixed supply of land
• D) human desire to increase the population

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Definitions:

Average Total Cost Curve

A graphical representation that shows the average total cost of producing different quantities of a good.

Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the output per unit of the variable factor will eventually decrease.

Output Levels

Quantities of products or services produced within a given timeframe, reflecting the scale of a company's or industry's production.

Spreading

The practice of diversifying investments or risks to minimize potential losses.