The "law" of diminishing returns
A)is deduced from the basic biochemical relationship of agricultural theory.
B)was constructed as the basis of observation during experiments on the impact of fertilizer on output in the 1930s.
C)is based on regular observations of input-output relationships over the last two centuries.
D)is borrowed from physical laws related to conversion of matter and energy.

Question

Quizplus · Accepted Answer

The "law" of diminishing returns is a principle observed in economics that describes how, after a certain point, adding more of a factor of production results in smaller increases in output. This concept has been based on regular observations of input-output relationships over the last two centuries, rather than being derived from a specific scientific experiment or theory from the 1930s, agricultural biochemistry, or physical laws of matter and energy conversion.

The "Law" of Diminishing Returns