Which of the Following Is the Best Explanation of Why

question 101

Multiple Choice

Which of the following is the best explanation of why the law of diminishing returns does not apply in the long run?

• A) All factors of production are variable in the long run.
• B) The MPP does not change in the long run.
• C) In the long run,firms have enough time to find more qualified workers.
• D) All factors of production are fixed in the long run.

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Definitions:

Reconstruction Acts

Legislation passed after the Civil War that outlined the process for re-admitting Southern states into the Union, while also establishing conditions for suffrage and civil rights for formerly enslaved people.

Civil Rights Act

A landmark piece of legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Congress

A national legislative body, particularly in the United States, composed of the Senate and the House of Representatives.