Given Constant Quantities of All Other Factors of Production, When

question 63

Multiple Choice

Given constant quantities of all other factors of production, when additional units of a variable factor of production add less and less to total output, then the firm is experiencing:

• A) constant marginal returns.
• B) increasing marginal returns.
• C) diminishing marginal returns.
• D) negative marginal returns.

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Definitions:

Sustainability

An organization's ability to profit without depleting its resources, including employees, natural resources, and the support of the surrounding community.

Eco-friendly Vision

A strategic outlook or plan that emphasizes sustainability and minimal environmental impact.

Sustainably Sourced

Referring to goods or materials obtained through methods that do not deplete the resources used or harm the environment, often supporting long-term ecological balance.

Ethical Climate

The collective understanding within an organization about what is deemed right or wrong, significantly influencing individual and group decision-making behaviors.