Social Studies

8th

grade

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Law of Diminishing Marginal Returns

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10 questions

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  • Multiple Choice
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    20 seconds
    1 pt

    What is the name given to the period when quantities of land and capital are fixed?

    Fixed capital formation

    Time lag

    Short run

    Long run

  • Multiple Choice
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    20 seconds
    1 pt

    Which of the following describes an eventual decline in the productivity of factor inputs as additional units of variable factors are added to fixed resources?

    Law of diminishing marginal utility

    Law of diminishing marginal returns

    Laffer curve

    Law of diminishing total product

  • Multiple Choice
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    20 seconds
    1 pt

    What happens to total product when marginal product becomes negative?

    Increases

    Decreases

    Remains unchanged

    Reaches a peak

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