How can total course learning and studying be related to the law of diminishing returns?
Please provide the best answer for the statement.
Total course learning can be considered an output in the educational production process. The inputs include intelligence or ability, quality of the course materials, instructor effectiveness, class time, and study time. If you hold constant the other inputs, and just change study time, then you can use this change to explain the law of diminishing returns. As study time is added to these other fixed resources, the contribution made by each additional hour of study time to total course learning eventually starts to fall.
You might also like to view...
A tax is imposed on the sale of a product. As long as neither the supply nor the demand is perfectly elastic or inelastic
A) there is no change in the price paid by the consumers. B) the price paid by the consumers increases by the full amount of the tax. C) the price paid by the consumers increases by less than the amount of the tax. D) the price paid by the consumers increases by more than the amount of the tax.
If firms are producing efficiently, but consumers can reallocate goods amongst themselves,
A) the equilibrium is not efficient. B) the equilibrium is efficient. C) the consumers are behaving irrationally. D) the firms are too greedy.