In Problems Where the Objective Is to Minimize the Total

question 36

True/False

In problems where the objective is to minimize the total cost of the activities, an activity is said to have decreasing marginal returns if the slope of its cost graph never increases but sometimes decreases as the level of the activity increases.

---

Definitions:

Autonomic Neurons

Nerve cells that control involuntary functions of the body, such as heart rate, digestion, and respiratory rate.

Adrenal Medulla

The inner part of the adrenal gland that secretes adrenaline and noradrenaline, hormones involved in the body's stress response.

Mesoderm

The middle layer of an embryo in early development, from which most of the body's tissues and structures are derived, including muscle, bone, and the circulatory system.

Ectoderm

The outermost of the three primary germ layers in the embryo, giving rise to the nervous system, skin, and various other tissues and organs.