Which of the following best describes the "law of diminishing marginal returns"?

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 the variable input will eventually decrease. This means that the additional output produced by each additional unit of the variable input will become smaller and smaller. Therefore, option D best describes the law of diminishing marginal returns.

Which of the Following Best Describes the "Law of Diminishing