The Law Stating That If the Quantity of a Variable

question 136

Multiple Choice

The law stating that if the quantity of a variable factor of production is increased, with the quantities of all other factors given, the marginal product of the variable factor will eventually decline is the law of:

• A) demand.
• B) supply.
• C) decreasing average production.
• D) diminishing marginal returns.

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Definitions:

Echo

A phenomenon where sound waves are reflected off surfaces and heard again.

Sensory Registers

The primary systems in the brain that temporarily store information received from the senses for a short duration.

Sensory Registers

Memory systems that temporarily hold incoming sensory information from the environment, allowing it to be processed further.

Raw Information

Unprocessed and unanalyzed data or facts received through the senses or other sources.