The law of diminishing marginal returns refers to the tendency for the ________ to eventually decrease as more labour is employed,everything else remaining the same.
A)average total cost
B)marginal cost
C)total product
D)marginal product of labour
E)average product of labour

Question

Quizplus · Accepted Answer

The law of diminishing marginal returns states that as more units of a variable input (in this case, labor) are added to a fixed amount of other inputs, the marginal product of that input (in this case, the marginal product of labor) will eventually decrease. The other choices do not accurately describe the concept of diminishing marginal returns.

The Law of Diminishing Marginal Returns Refers to the Tendency