According to the principle of diminishing returns, if all factors of production but one are held constant and if that one factor is doubled, then eventually output will most likely:
A) double too.
B) more than double.
C) less than double.
D) none of the above

Question

Quizplus · Accepted Answer

The principle of diminishing returns states that as more and more units of a variable factor of production (in this case, the factor that was doubled) are added to a fixed set of resources (the other factors of production), the marginal product of the variable factor will eventually start to decrease. This means that while output will increase initially when the factor is doubled, it will eventually start to increase at a diminishing rate and may even decrease. Therefore, it is most likely that output will less than double in the long run.

According to the Principle of Diminishing Returns, If All Factors