The Below Figure Shows the Various Combinations of the Goods

question 25

Multiple Choice

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-"As I add more workers to the factory line, the additional output produced by each additional worker seems to decline. Eventually, the workers just get in each others' way." This statement by a factory supervisor refers to the law of:

• A)comparative advantage.
• B)demand.
• C)supply.
• D)increasing returns to scale.
• E)diminishing marginal returns.

---

Definitions:

Educators

Individuals who instruct, teach, or provide educational guidance, typically within an academic institution or learning context.

Administrators

Individuals who oversee the operation of organizations or systems, ensuring effective management and functioning.

Clichés

Expressions or beliefs that are repeatedly used, showing a deficiency in creativity.

Trite Phrases

Refers to expressions that have been overused to the point of losing their original meaning or effectiveness, often seen as clichéd.