What is diminishing marginal product closely related to

Question

Quizplus · Accepted Answer

Diminishing marginal product is closely related to increasing marginal cost, as the production of each additional unit becomes less efficient and requires more resources, leading to a higher cost per unit. Diminishing average cost and diminishing variable cost are not directly related to diminishing marginal product, while increasing total cost may be a result of diminishing marginal product but does not explain the concept itself.

What Is Diminishing Marginal Product Closely Related to