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:

Inductive

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Deductive

Deductive reasoning involves drawing specific conclusions from a general statement or principle, often used in logical argumentation and mathematical proofs.

Logical

Pertaining to or characterized by clear, sound reasoning or a valid inference.

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