According to the principle of diminishing marginal utility, as the quantity of a good or service consumed increases, total utility

Stan owns a software design business. He does not have time to expand his office space or redesign the layout of his office

He can increase the amount of work he does by working more hours, asking his current employees to work more hours, or hiring more employees. The relationship between Stan's inputs and the maximum output his firm can produce is called his A) short-run production function. B) cost function. C) long-run production function. D) production possibilities frontier.

RECLAIM refers to

a. one of the first state-level trading programs, which was developed in California b. a federal program for stationary sources to earn credits for reducing pollution c. a national program to refurbish older, polluting refineries d. the claiming of SO2 allowances that have been banked in a prior period