If equal increments of an input are added,the quantities of other inputs being held constant,the resulting increments of product will decrease beyond some point.This sentence is a statement of the law of
A) supply.
B) demand.
C) diminishing marginal returns.
D) optimal thermodynamics.
E) indifference.

Question

Quizplus · Accepted Answer

The statement describes the law of diminishing marginal returns, which states that as more and more of one input is added while holding other inputs constant, the resulting output will eventually increase at a decreasing rate or even start to decrease. This is an important concept in economics and production theory. The other options (supply, demand, optimal thermodynamics, and indifference) are not relevant to this particular statement.

If Equal Increments of an Input Are Added,the Quantities of Other