Diminishing Returns Means That

question 19

Multiple Choice

Diminishing returns means that

• A)each additional unit of labor produces successively less real GDP.
• B)hiring more labor results in less real GDP.
• C)each extra unit of real GDP produced requires less labor.
• D)each additional unit of labor produces successively more real GDP.
• E)hiring more labor must lower the real wage rate.

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Definitions:

Chemistry

The scientific discipline that studies the properties, composition, and transformation of substances.

Densest

Having the highest density; pertaining to material that has the greatest mass per unit volume.

Density

The mass of a substance per unit volume, often used to describe the compactness of materials in physics and earth sciences.

Seismic Waves

Waves of energy that travel through the Earth, often as a result of earthquakes, which can provide information about Earth's internal structure.