As the _____ of labor used in production increases, ceteris paribus, eventually the _____ will _____.
A) price; supply of labor; increase
B) quantity; marginal product of labor; fall
C) quantity; marginal product of labor; rise
D) quantity; value of the marginal product of labor; rise

Question

Quizplus · Accepted Answer

As more labor is used in production, the marginal product of labor eventually decreases due to the law of diminishing returns, assuming all other factors remain constant (ceteris paribus).

As the _____ of Labor Used in Production Increases, Ceteris