-In the above table, between what two levels of output does one first observe the law of diminishing returns?
A) 0 and 1000
B) 1000 and 3000
C) 3000 and 4000
D) 4000 and 4500

Question

-In the above table, between what two levels of output does one first observe the law of diminishing returns?
A) 0 and 1000 
B) 1000 and 3000 
C) 3000 and 4000 
D) 4000 and 4500

Quizplus · Accepted Answer

The law of diminishing returns is observed when each additional unit of input results in a smaller increase in output. This typically occurs after a certain level of production. In this case, it is first observed between 3000 and 4000 units of output.

-In the Above Table, Between What Two Levels of Output