If There Is One Input Used in Production and If

question 10

True/False

If there is one input used in production and if there are decreasing returns to scale, then the marginal product for the input will be diminishing.

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Definitions:

Prefrontal Cortex

A part of the frontal lobes of the brain, involved in executive functions such as decision-making, problem-solving, planning, and impulse control.

Temporal Lobes

Regions of the cerebral cortex located beneath the lateral fissure on both cerebral hemispheres, crucial for processing sensory input and being involved in memory, speech, and emotion.

Cerebellum

is a part of the brain located under the cerebrum, primarily responsible for coordinating voluntary movements and maintaining posture, balance, and equilibrium.

Evolutionary Principles

The fundamental concepts underlying the theory of evolution, including natural selection, adaptation, and the survival of the fittest.