The law of diminishing marginal productivity does not apply in the long run because:
A) some inputs are fixed in the long run.
B) some inputs are variable in the long run.
C) no inputs are fixed in the long run.
D) all inputs are fixed in the long run.

Question

Quizplus · Accepted Answer

In the long run, all inputs are variable, meaning no inputs are fixed, which is why the law of diminishing marginal productivity does not apply.

The Law of Diminishing Marginal Productivity Does Not Apply in the Long