If a Production Process Exhibits Diminishing Returns, Then as Output

question 129

Multiple Choice

If a production process exhibits diminishing returns, then as output rises:

• A)average total cost will eventually decrease.
• B)marginal cost will eventually increase.
• C)total fixed cost will eventually increase.
• D)total revenue will eventually decrease.

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Definitions:

Older Children

Older children refers to youths who are in the middle childhood phase, typically between the ages of 6 and 12, displaying advanced cognitive and physical development compared to younger children.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which increases or decreases the likelihood of a behavior being repeated.

Young Children

A phase of early childhood encompassing the ages from infancy through early elementary years, typically considered to be ages 2-6.

Reinforcer

In behaviorism, any event that strengthens or increases the likelihood of a behavior being repeated.