The Law of Diminishing Marginal Returns

question 139

Multiple Choice

The law of diminishing marginal returns

• A)sets in because not all workers are equally productive.
• B)applies only in the short run.
• C)holds even when there are no fixed factors.
• D)ultimately explains why production displays diseconomies of scale.

---

Definitions:

Political conservatism

A political and social philosophy promoting traditional institutions, practices, and customs, often in opposition to radical changes.

Survey archive

A repository or collection of survey data that is preserved for future research, reference, or analysis.

Inter University Consortium

An Inter University Consortium is a collaborative partnership between universities to pool resources, expertise, and facilities for mutual benefit.

Case studies

In-depth investigations of a single person, group, event, or community, often used for detailed examination.