The Point of Diminishing Marginal Productivity Is the Point Where

question 91

Multiple Choice

The point of diminishing marginal productivity is the point where

• A)marginal product has reached its maximum.
• B)average product has reached its maximum.
• C)the marginal product begins to fall at an increasing rate.
• D)the total product begins to fall.
• E)the marginal product curve lies below the average product curve.

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Definitions:

Tariff

A governmental policy tool used to control the flow of international trade through taxes on imports and exports.

Saddles Imported

The act of bringing in saddles from foreign countries for sale within the domestic market.

Quantity

The amount or number of a material or immaterial good or service.

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and adjust trade balances.