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28 Nov 2020
The law of diminishing marginal returns states
A) that at some point adding more of a fixed input to a given amount of variable inputs will cause the marginal product of the variable input to decline.
B) that at some point adding more of a variable input to a given amount of a fixed input will cause the marginal product of the variable input to decline.
C) that in the presence of a fixed factor, at some point average product of labor starts to fall as more and more variable inputs are added.
D) average total costs of production initially fall and after some point starts to rise at a decreasing rate as output increases.
The law of diminishing marginal returns states
A) that at some point adding more of a fixed input to a given amount of variable inputs will cause the marginal product of the variable input to decline.
B) that at some point adding more of a variable input to a given amount of a fixed input will cause the marginal product of the variable input to decline.
C) that in the presence of a fixed factor, at some point average product of labor starts to fall as more and more variable inputs are added.
D) average total costs of production initially fall and after some point starts to rise at a decreasing rate as output increases.
sandhya357Lv10
30 Jul 2023
Yusra AneesLv10
4 Mar 2021
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