Diminishing Marginal Product of Labour Occurs When Adding Another Unit

question 168

Multiple Choice

Diminishing marginal product of labour occurs when adding another unit of labour

• A)decreases output.
• B)changes output by an amount smaller than the output added by the previous unit of labour.
• C)increases output by an amount larger than the output added by the previous unit of labour.
• D)decreases output by an amount smaller than the output added by the previous unit of labour.

Identify the main uses and applications of specific software types.

Understand software installation processes and system requirements.

Recognize the ethical and legal aspects of software use and distribution.

Illustrate the role of software in enhancing productivity in various contexts.

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Definitions:

Cash Basis

An accounting method where revenues and expenses are recognized when cash is received or paid, not when they are incurred.

Accounts Receivable

Receivables from clients for goods delivered or services performed by a company, which have not yet been paid for.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period.

Cash Basis

An accounting method where revenues and expenses are recorded when cash is received or paid, not when they are incurred.