Marginal product of labor typically ______ as more labor is hired.

Name: Marginal product of labor typically ______ as more labor is hired.
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Question

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The law of diminishing 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 that variable input will eventually decline. Therefore, the marginal product of labor typically declines as more labor is hired.

Marginal Product of Labor Typically ______ as More Labor Is