When an Additional Unit of a Variable Input Adds Less

question 333

Multiple Choice

When an additional unit of a variable input adds less to the total product than the previous unit,the firm has:

• A) increasing returns.
• B) diminishing marginal returns.
• C) diminishing total returns.
• D) diminishing marginal returns and diminishing total returns.

---

Definitions:

Social Connections

The relationships individuals have with others, which can provide emotional, informational, and practical support.

Loneliness

A subjective feeling of isolation or being alone, regardless of the amount of social contact or presence of others, often accompanied by sadness or discomfort.

Propinquity Effect

The tendency for people to form friendships or romantic relationships with those whom they encounter frequently.

Physical Attractiveness

The degree to which a person's physical traits are considered aesthetically pleasing or desirable.