If the Marginal Product of Each Factor Decreases as the Amount

question 38

True/False

If the marginal product of each factor decreases as the amount of that factor used increases, then there must be decreasing returns to scale.

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Definitions:

Intervention

The action taken to intentionally become involved in a difficult situation, in order to improve it or prevent it from getting worse.

Problematic Situations

Scenarios or conditions that present challenges or difficulties, requiring resolution or intervention.

Demonstrates

To clearly show the existence or truth of something by giving proof or evidence.

Agendas

Lists or plans of items to be discussed, completed, or addressed during meetings or activities.