Examlex

Solved

Which of the Following Was NOT One of the Recommendations

question 34

Multiple Choice

Which of the following was NOT one of the recommendations made by the National Commission on Excellence in Education in A Nation at Risk?


Definitions:

Negative Marginal Returns

Occurs when adding an additional factor of production actually decreases the total output, which can happen when there is too much input for the available resources or technology.

Input

Resources used in the production process to create goods or services, including labor, raw materials, and capital.

Cost Curves

Graphs that illustrate the cost of producing various levels of output, typically including curves for average costs and marginal costs among others.

Marginal Cost

The cost added by producing one additional unit of a product or service, a critical concept in economics and decision making in business.

Related Questions