Which of the Following Best Explains Why Production Might Increase

question 5

Multiple Choice

Which of the following best explains why production might increase at a decreasing rate with the addition of a variable input?

• A) Increasing marginal opportunity costs
• B) Increasing marginal productivity of labor
• C) Diminishing marginal productivity of labor
• D) Advancements in technology
• E) Diminishing marginal opportunity costs

---

Definitions:

Financial Costs

The total monetary expenses incurred during the process of undertaking an activity or achieving an objective.

Aboriginal Peoples

Refers to the First Nations, Inuit, and Métis peoples of Canada, who are the original inhabitants of the land and have unique cultures, languages, and histories.

Canadian Education System

Refers to the structure of schooling and educational institutions in Canada, characterized by provincial and territorial jurisdiction.

Aboriginal Communities

Indigenous peoples and societies that are native to their lands and maintain traditions distinct from the dominant culture.