Diminishing Returns Occur Because

question 40

Multiple Choice

Diminishing returns occur because

• A)Of inefficiency in the production process.
• B)Of the use of inferior factors of production.
• C)A firm increases the amount of a variable input without changing a fixed input.
• D)Of lower opportunity costs of the factors of production.

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Definitions:

Actual Market Share

The current portion of a market controlled by a particular company, measured by either to the volume or value of its sales.

Perfect Complements

Goods that are consumed together in fixed proportions because the consumption of one good enhances the value of the other.

Operating Systems

Software that manages computer hardware and software resources and provides common services for computer programs.

New Edition

A revised or updated version of a published work, such as a book or software, often including new material or corrections.