Which of the Following Statements Is True

question 96

Multiple Choice

Which of the following statements is true?

• A)Diminishing marginal returns means that total output decreases as more of the variable inputs are employed.
• B)Diminishing marginal returns means that in order to increase output at a constant rate, the firm must add larger and larger quantities of the variable inputs.
• C)Diminishing marginal returns implies that there will never be increasing returns to scale.
• D)Diminishing marginal returns implies that the firm's profits will be shrinking as it produces more of its product.

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Definitions:

Johari Window

A model that helps individuals understand their relationship with self and others by categorizing known and unknown aspects of themselves in four quadrants.

Bottom-Right Pane

In a graphical user interface, the section or area located at the bottom-right part of the window or screen, often containing specific additional information or controls.

Johari Window

A model used to enhance understanding between individuals within a group by revealing what is known by self and others.

Unknown Pane

The pane in the Johari Window that contains unknown talents, abilities, and attitudes, as well as forgotten and repressed experiences, emotions, and possibilities.