Asked by
Charity Maynard
on Oct 12, 2024
Verified
The law of diminishing marginal returns implies
A) the more hours you spend studying economics the less you will know.
B) your understanding of economics will be increased by decreasing your marginal study time.
C) after a certain point,the more hours you spend studying economics per day,the less you will learn with each added hour.
D) the more hours you spend studying economics per day,the more you will learn with each added hour.
Marginal Study Time
The additional benefit or improvement in performance obtained from studying for one more unit of time.
Marginal Returns
The additional output or benefit received from producing one more unit of a good or service.
- Comprehend the principle of diminishing returns and its consequences for production and expenses.
Verified Answer
DP
Learning Objectives
- Comprehend the principle of diminishing returns and its consequences for production and expenses.