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(Table: Production Process I) Diminishing Marginal Returns to Labor Occur

Question 59

Multiple Choice

(Table: Production Process I) Diminishing marginal returns to labor occur in production process _____, and diminishing marginal returns to capital occur in production process _____. (Table: Production Process I)  Diminishing marginal returns to labor occur in production process _____, and diminishing marginal returns to capital occur in production process _____.   A)  1; 3 B)  2; 1 C)  2; 3 D)  1; 1


A) 1; 3
B) 2; 1
C) 2; 3
D) 1; 1

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