If the marginal product is _____,the value of marginal product must be _____.
A)rising;falling
B)falling;falling
C)falling;rising
D)rising;zero

Question

Quizplus · Accepted Answer

According to the law of diminishing marginal returns, as we add additional units of input, the marginal product (additional output produced by an additional unit of input) will eventually decline. Therefore, if the marginal product is falling, the value of marginal product (the additional revenue generated by an additional unit of output) must also be falling.

If the Marginal Product Is _____,The Value of Marginal Product