Diminishing Return
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
John Robinson
FREE Resource
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do fixed inputs influence production functions?
Fixed inputs influence production functions by setting limits on output levels and leading to diminishing returns as more variable inputs are added.
Fixed inputs can be easily substituted with variable inputs in production functions
Fixed inputs always lead to increasing returns in production functions
Fixed inputs have no impact on production functions
2.
MULTIPLE CHOICE QUESTION
1 min • 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
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A level of production in which the marginal production decreases with new investment
market supply schedule
individual supply schedule
marginal revenue
diminishing marginal returns
marginal product of labor
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the principle of diminishing returns in economics?
A) It states that adding more of one factor of production, while holding others constant, will eventually yield lower per-unit returns.
B) It suggests that increasing all factors of production will always lead to higher returns.
C) It implies that reducing production factors will increase overall productivity.
D) It means that production factors have no impact on returns.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following best illustrates the concept of diminishing returns?
A) A factory that doubles its workforce and sees output quadruple.
B) A farm that adds more fertilizer but sees a smaller increase in crop yield.
C) A company that reduces its workforce and sees an increase in productivity.
D) A business that invests in new technology and sees a constant increase in output.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How does the law of diminishing returns affect agricultural production?
A) It allows for unlimited growth in crop yields.
B) It leads to a decrease in crop yields as more inputs are added beyond a certain point.
C) It has no effect on agricultural production.
D) It ensures that crop yields increase proportionally with inputs.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the context of diminishing returns, what happens when more workers are added to a fixed amount of capital?
A) Output per worker increases indefinitely.
B) Output per worker decreases after a certain point.
C) Total output decreases immediately.
D) Total output remains constant.
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