The law of diminishing marginal returns is obvious because,if it didn't hold,it would be possible to:
A) feed everyone in the world by intensively cultivating one acre of land.
B) manufacture all of the cars in the world using just one of the world's existing factories.
C) increase total output of a product without employing additional inputs.
D) All of the above.
E) a and b.
Correct Answer:
Verified
Q28: Diminishing marginal returns:
A) imply decreasing returns to
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Q34: Increasing returns to scale:
A) occur only where
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Q38: The law of diminishing marginal returns states
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