Which of the Following Statements Is Correct

question 8

Multiple Choice

Which of the following statements is correct?

• A)a theory does not have to be correct to be useful.
• B)if there is a theory about something,it must be correct.
• C)it is impossible to assess the appropriateness of a particular theory.
• D)a theory can only be useful if it is correct.

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Definitions:

Marginal Productivity

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Diminishing

The process of lessening or decreasing in size, importance, or intensity.

Output

The quantity of goods or services produced by a business, individual, machine, or industry over a specified period.

Marginal Costs

Marginal costs refer to the increase or decrease in the total cost of producing one more unit of a good or service.