The law of diminishing marginal returns refers to the tendency for ________ to eventually decrease as more labour is employed,everything else remaining the same.
A)average total cost
B)marginal cost
C)total product
D)marginal product of labour
E)average product of labour

Question

Quizplus · Accepted Answer

The law of diminishing marginal returns states that as more units of a variable input, such as labor, are added to a fixed input, such as capital, the marginal product of that input will eventually decrease. Therefore, the correct answer is D) marginal product of labour.

The Law of Diminishing Marginal Returns Refers to the Tendency