What term is used to describe the result of adding more and more units of a variable resource to a production process where there is at least one fixed variable and the resulting increase in output begins to decrease?

Question

Quizplus · Accepted Answer

The term used to describe the result of adding more and more units of a variable resource to a production process where there is at least one fixed variable and the resulting increase in output begins to decrease is "the law of diminishing returns." This law states that as more and more of a variable resource (such as labor) is added to a fixed amount of another resource (such as land), the marginal product of the variable resource will eventually begin to decrease, leading to diminishing returns.

What Term Is Used to Describe the Result of Adding