The Law of Diminishing Returns states that as additional units of a:
A) variable factor are added to a fixed factor, total output will decline.
B) fixed factor are added to a variable factor, beyond some point the additional output from each additional unit of the fixed factor will decline.
C) variable factor are added to a fixed factor, beyond some point the additional output from each additional unit of the variable factor will decline.
D) variable factor are added to a fixed factor, the additional output produced from each additional unit of the variable factor will immediately begin to decline.
Correct Answer:
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