Which of the Following Is (Are)likely to Cause the Marginal

question 54

Multiple Choice

Which of the following is (are) likely to cause the marginal product of an input to decrease?

• A)an increase in the real price of the input
• B)a decrease in the quantity of other inputs used in production
• C)technological advances
• D)all of the above
• E)none of the above

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Definitions:

Operation Of Law

Refers to legal changes or transfers that occur automatically due to existing legal rules, rather than through actions taken by individuals or agreements.

Agency Relationship

A legal relationship where one party, the agent, is authorized to act on behalf of another, the principal, in dealings with third parties.

Negligent Hiring

A legal claim made against an employer for hiring someone who they knew or should have known was likely to behave in a dangerous or harmful manner.

Direct Liability

Direct liability is the legal responsibility that arises from one's own actions or omissions, directly causing harm or loss to another party.