The presence of a fixed input means that the marginal product of labor eventually declines.This concept is known as

Name: The presence of a fixed input means that the marginal product of labor eventually declines.This concept is known as
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The concept of the marginal product of labor decreasing due to a fixed input is known as diminishing returns. This means that as more units of labor are added, the additional output produced by each additional unit of labor will eventually decrease.

The Presence of a Fixed Input Means That the Marginal