Diminishing Marginal Returns Explain the Reduction of Value in Additional

question 179

Multiple Choice

Diminishing marginal returns explain the reduction of value in additional exertions of effort.The concept of ________ indicates the opposite-that the ultimate marginal production can result in disproportionate wage increases.

• A) productivity discrimination
• B) winner-take-all
• C) efficiency wages
• D) inclining marginal utility
• E) maximum human capital

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Definitions:

First Nations

Indigenous peoples in Canada, recognized as the original inhabitants.

Individual Human Beings

Each single member of the Homo sapiens species, emphasizing the uniqueness and personal identity of every person.

Consumerism

The cultural inclination towards the buying and accumulation of goods and services in ever-increasing amounts.

Oppose Consumerism

To critique or resist the culture of acquiring and valuing goods and services in excess of one's basic needs.