Multiple Choice QuestionWhich of the following is true about the marginal productivity of any resource?Multiple choice question.It will decrease with the quantities of other resources used with itIt will vary with the quantities of other resources used with itIt will increase with the quantities of other resources used with itIt will stay constant with the quantities of other resources used with it

Multiple Choice QuestionWhich of the following increases marginal productivity and therefore its demand?Multiple choice question.Improvements in the quality of a variable resourceImprovements in the quantities of a variable resourceImprovements in the supply of a variable resourceImprovements in the demand of a variable resource

Multiple Choice QuestionWhich of the following exemplifies the concept of "quantities of other resources" as contributing to the marginal product of a particular resource?Multiple choice question.A lesser amount of capital and land resources used with labor will increase labor's marginal productivity and thus labor demand.A greater amount of capital and land resources used with labor will increase labor's marginal productivity and thus labor demand.An unchanging amount of capital and land resources used with labor will eliminate labor's marginal productivity and thus labor demand.A greater amount of capital and land resources used with labor will decrease labor's marginal productivity and thus labor demand.

Multiple Choice QuestionWhat is marginal resource cost?Multiple choice question.The change in a firm's total revenue when it employs one additional unit of a resource.The change in quantity demanded of a resource that results from a change in its relative cost.The additional output produced when one additional unit of a resource is employed.The amount that each additional unit of a resource adds to the firm's total resource cost.

Multiple Choice QuestionWhich of the following is true concerning resource productivity and demand?Multiple choice question.A decrease in productivity of a resource reduces demand for the resource, but a decrease in demand for the resource does not affect the productivity.An increase in the productivity of a resource will increase the demand for the resource and vice versa.An increase in the productivity of a resource will reduce the demand for the resource and vice versa.A decrease in the productivity of a resource will increase the demand for the resource and vice versa.

According to the principle of diminishing marginal productivity:Multiple choice question.if at least one input of production is fixed, the marginal productivity of additional variable resources will eventually fall, all else held constant.if at least one input of production is variable, the marginal productivity of additional fixed resources will eventually fall, all else held constant.if all inputs of production are variable, the marginal productivity of all fixed resources will eventually fall, all else held constant.if all inputs of production are fixed, the marginal productivity of additional variable resources will eventually fall, all else held constant.