As a Member of a Study Group, You Feel That

question 25

Multiple Choice

As a member of a study group, you feel that others are making minimal contributions. In this situation you are LEAST likely to:

• A) praise the inputs of others.
• B) increase your contribution.
• C) complain about others' contributions.
• D) withdraw from the group.

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Definitions:

Marginal Product

The additional output that is produced by employing one more unit of a particular input, with all other inputs held constant.

Input

Resources that are used in the production process to create goods or services, such as labor, materials, and capital.

Returns To Scale

In production theory, the change in output resulting from a proportional change in all inputs; can be increasing, constant, or decreasing.

Input

Resources used in the production process of goods and services, including raw materials, labor, and capital.