Diminishing Returns to a Factor Implies That with Capital Fixed

question 24

Multiple Choice

Diminishing returns to a factor implies that with capital fixed,

• A) as labor increases output always increases.
• B) as output increases, labor increases.
• C) as labor increases, output decreases.
• D) as labor increases, labor productivity eventually decreases.

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Definitions:

Repression

A defense mechanism in psychoanalytic theory where distressing thoughts and feelings are unconsciously blocked from conscious awareness.

Self-Esteem

A person's personal assessment of their value, including both their thoughts and feelings about themselves.

Standardized Personality Tests

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Psychologists dedicated to highlighting personal potential while emphasizing the significance of self-development and realizing one's fullest potential.