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Basic Question 6 of 13
The principle of diminishing returns says that ______
B. all things being equal, your dollars never buy all the things they previously could have.
C. if inputs are reduced, output will remain constant.
D. all things being equal, as an input is increased, output increases, but at a decreasing rate.
E. as you add inputs to a process, you always get more output.
A. consumer loyalty is constantly decreasing.
B. all things being equal, your dollars never buy all the things they previously could have.
C. if inputs are reduced, output will remain constant.
D. all things being equal, as an input is increased, output increases, but at a decreasing rate.
E. as you add inputs to a process, you always get more output.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2025 Level I Curriculum, Volume 1, Module 1.