Which of the following factors of production is least likely to exhibit diminishing marginal product?

Question

Quizplus · Accepted Answer

Technology is not a physical input and therefore does not exhibit diminishing marginal product. In fact, technology can often have increasing returns to scale, meaning that the more it is used, the more productive it becomes. Land, labor, and physical capital are all physical inputs and are therefore subject to diminishing marginal product, as increasing their use eventually leads to a lower marginal productivity.

Which of the Following Factors of Production Is Least Likely