Examlex

Solved

James,a Single Man,is Sexually Attracted to Men,but Not Women

question 146

Multiple Choice

James,a single man,is sexually attracted to men,but not women.According to your text,James is:


Definitions:

Increasing Returns

An increase in a firm’s output by a larger percentage than the percentage increase in its inputs.

Diminishing Returns

A principle stating that after a certain point, additional investment or effort yields progressively smaller increases in output.

Marginal-cost Curve

The marginal-cost curve represents how the cost of producing one additional unit of a good changes as its production volume varies.

Marginal Product

The additional output that is generated by employing one more unit of a specific input, ceteris paribus.

Related Questions