Diminishing Marginal Returns in Film and Food Industries
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Questions and Answers

What is the main concept of the law of diminishing marginal returns as discussed in the text?

  • Output per worker remains constant as more workers are added
  • Output per worker increases exponentially as more workers are added
  • Output per worker decreases as more workers are added but other inputs remain fixed (correct)
  • Output per worker increases as more workers are added

    • How does the law of diminishing marginal returns impact equipment per worker in the film industry according to the text?

  • Equipment per worker remains constant regardless of the number of workers
  • Equipment per worker increases exponentially as more workers are added
  • Equipment per worker decreases as more workers are added (correct)
  • Equipment per worker increases as more workers are added

    • In what scenario would an industry not face diminishing returns to extra workers based on the text?

  • When adding more workers directly increases output without limit (correct)
  • When the industry has access to unlimited resources
  • When the number of workers is decreased
  • When only one input is fixed and all others can be varied

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