According to the law of diminishing returns:
A) the total product of an input will eventually be negative.
B) the total product of an input will eventually decline.
C) the marginal product of an input will eventually be negative.
D) the marginal product of an input will eventually decline.
E) none of the above
Correct Answer:
Verified
Q18: The law of diminishing returns refers to
Q19: Some economists conduct empirical research on the
Q20: When labor usage is at 12 units,
Q21: Which of the following ideas were central
Q22: Q24: When the average product is decreasing, marginal Q25: For consideration of such issues as labor's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents