Diminishing marginal product of labor refers to as the quantity of labor increases,

Question

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Diminishing marginal product of labor occurs when the addition of one more unit of labor leads to a decrease in the marginal product. This means that the total output may still be increasing, but at a decreasing rate, and eventually, it will reach a maximum point before declining. This is because as more labor is added, the fixed inputs become limiting, and the marginal product of each additional unit of labor decreases.

Diminishing Marginal Product of Labor Refers to as the Quantity