The Below Figure Shows the Various Combinations of the Goods

question 28

Multiple Choice

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

-If a firm is experiencing diminishing returns to a variable input, then:

• A)it must be hiring less-productive units of the variable resource.
• B)it must be experiencing diseconomies of scale.
• C)the marginal physical product of the variable input must be decreasing.
• D)the average physical product of the variable input must be decreasing.
• E)its total product must be decreasing.

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Definitions:

Internal Dimensions

Measurements within an object or space, referring to the inner limits or sizes of a cavity or enclosure.

External Dimensions

The measurable extent of an object's outer boundaries or surface size, including width, height, and depth.

F8/h7 Symbol

A code in engineering denoting a specific type of fit between two machined parts, with precisions defined by the letter and number.

Close Running

Fit type characterized by a small but non-restrictive clearance that allows components to move together smoothly without excessive play or looseness.