The Law of Diminishing Returns Describes the

question 51

Multiple Choice

The law of diminishing returns describes the

• A)relationship between total costs and total revenues.
• B)profit-maximizing position of a firm.
• C)relationship between resource inputs and product outputs in the short run.
• D)relationship between resource inputs and product outputs in the long run.

---

Definitions:

Topical Antibiotic

Medications applied directly to the skin or mucous membranes to treat or prevent bacterial infections.

Polymyxin B

An antibiotic primarily used to treat bacterial infections that are resistant to other antibiotics, often targeting the Gram-negative bacteria's cell membrane.

Marie Curie

A pioneering physicist and chemist, the first woman to win a Nobel Prize and the only person to win Nobel Prizes in two different scientific fields (Physics and Chemistry), known for her research on radioactivity.

Cooking

The practice or skill of preparing food by combining, mixing, and heating ingredients.