If a Production Function Shows Declining Marginal Product of an Input

question 360

Multiple Choice

If a production function shows declining marginal product of an input as the quantity of the input increases, then the production function exhibits

• A) diminishing profitability.
• B) increasing returns to scale.
• C) increasing marginal product.
• D) decreasing marginal product.

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Definitions:

NICs

Network Interface Cards (NICs) are hardware components that connect a computer to a network, allowing it to communicate with other computers and devices.

LAN

Stands for Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, laboratory, or office building.

WAN

Wide Area Network, a telecommunications network that extends over a large geographic area for the purpose of computer networking.

Fiber-Optic

Referring to the technology of transmitting light through thin, flexible fibers of glass or plastic for telecommunications or lighting.