The law of diminishing returns makes it clear that as more a variable input is employed, in the ________ the marginal product of the variable input eventually will ________.
A) short run; rise
B) long run; rise
C) short run; fall
D) long run; fall

Question

Quizplus · Accepted Answer

The law of diminishing returns states that in the short run, as more units of a variable input are added to a fixed input, the marginal product of the variable input will eventually decrease.

The Law of Diminishing Returns Makes It Clear That as More