Which of the following does not refer to diminishing marginal returns?O Increasing numbers of scat belts in an automobileO The application of increcasing amounts of fertilizer to a ficld of comO Increasing the number of assistant vice presidents as the size of the firm increasesO Increasing the number of students in onc classroom

Diminishing marginal returns means the productivity or output falls with increase in the units of…

Which of the following does not refer to diminishing marginal returns? O Increasing numbers of seat belts in an automobile O The application of increasing amounts of fertilizer to a field of corn O Increasing the number of assistant vice presidents as the size of the firm increases O Increasing the number of students in one classroom

Which of the following does not refer to diminishing marginal returns? O Increasing numbers of seat belts in an automobile O The application of increasing amounts of fertilizer to a field of corn O Increasing the number of assistant vice presidents as the size of the firm increases O Increasing the number of students in one classroom

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 40P: Return to Figure 7.7. What is the marginal gain in output from increasing the number of batters from...

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Concept explainers

Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.

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Which of the following does not refer to diminishing marginal returns?
O Increasing numbers of scat belts in an automobile
O The application of increcasing amounts of fertilizer to a ficld of com
O Increasing the number of assistant vice presidents as the size of the firm increases
O Increasing the number of students in onc classroom

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