Multiple Choice
The Principle of Diminishing Marginal Returns means
A) the more a good is consumed, the lower the average benefit from consumption.
B) the more of a good that is produced, the greater the benefit of the last good to the supplier.
C) the less of a good that is produced, the greater the average productivity of inputs.
D) The more of a good that is produced, the lower the productivity of the last input to production.
E) the more of a good that is produced, the greater the marginal productivity of the last input.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: A person is willing to pay $50
Q21: Price elasticity measures the:<br>A) change in quantity
Q22: A physician takes a 20 hour per
Q23: Scientific evidence suggests that nurse practitioners (NPs)
Q24: Consider the following scenario. A pharmaceutical company
Q26: The demand for cosmetic surgery is more
Q27: Licensure of physicians means that to some
Q28: Health economists observe individuals' willingness to pay
Q29: Potential health benefits of eating organic versus
Q30: Why is it easier to measure the