____________________________ occur when the marginal gain in output diminishes as each additional unit of input is added.

Question

Quizplus · Accepted Answer

Diminishing marginal returns occur when adding an additional factor of production results in a smaller increase in output. This concept is fundamental in economics, indicating that as more units of a variable input are added to fixed inputs, the additional output from each new unit of input will eventually decrease.

____________________________ Occur When the Marginal Gain in Output Diminishes as Each