Diminishing Returns to Labor Means

question 45

Multiple Choice

Diminishing returns to labor means:

• A) that the marginal product of labor declines as the amount of labor used in a sector increases.
• B) that the marginal product of labor declines as the amount of capital combined with labor in a sector increases.
• C) that the marginal product of labor declines as the amount of land combined with labor in a sector increases.
• D) that the marginal product of capital declines as the amount of labor used in a sector increases.

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Definitions:

Allergy Medication

Drugs or substances used to prevent or alleviate the symptoms associated with allergic reactions.

Additional Exercise

Exercise or physical activity that is added to an individual's existing routine to enhance health or fitness goals.

Hyperactive Children

Children who exhibit behaviors characterized by excessive movement and/or impulsiveness beyond what is typically observed at their age level.

Age Groups

Categories of populations divided by age, often used in research, surveys, and analysis to identify trends or differences between young and older populations.