If There Is One Input Used in Production and If

question 10

True/False

If there is one input used in production and if there are decreasing returns to scale, then the marginal product for the input will be diminishing.

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Definitions:

Outbound Transportation Costs

Expenses associated with the shipping of products from a warehouse or factory to the customer.

Hard Infrastructure

Physical structures and facilities, such as roads, bridges, and railways, that are essential for the functioning of a society and its economy.

Utilities

Services needed for the operation of residences or commercial establishments, including electricity, water, and natural gas.

Community Receptivity

The willingness or openness of a community to accept new ideas, people, or changes within its environment.