The Law of Diminishing Marginal Product Indicates That

question 129

Multiple Choice

The law of diminishing marginal product indicates that

• A) average product will eventually decrease.
• B) marginal product will eventually decrease.
• C) total product will eventually decrease.
• D) resources are inefficient.

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Definitions:

Freud's Theory

A set of psychological and psychoanalytical theories developed by Sigmund Freud, focusing on unconscious drives, desires, and childhood experiences.

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Sigmund Freud

Originating from Austria, this neurologist established psychoanalysis as a method for addressing mental health conditions, employing conversation as the treatment mechanism between a psychoanalyst and their patient.