​Increasing Marginal Returns Are Generally the Result of _____

question 90

Multiple Choice

​Increasing marginal returns are generally the result of _____.

• A)diseconomies of scale
• B)increasing costs​
• C)the specialization and division of labor​
• D)labor unions​
• E)change in technology​

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Definitions:

Electric Power Plant

A facility that generates electricity through various energy sources like coal, natural gas, nuclear, solar, or wind power.

Kilowatt-hours

A unit of energy equivalent to one kilowatt of power expended for one hour, commonly used to measure electricity consumption.

Fixed Costs

Fixed charges that stay steady irrespective of the amount of goods produced or sold, such as property leases, payroll, and indemnity costs.

Peak-period Capacity

The maximum output level that a company can sustain during the busiest period without increasing long-term fixed costs.