Solved

The Law of Diminishing Returns, as It Applies to Labor

Question 2

Multiple Choice

The law of diminishing returns, as it applies to labor, means that


A) the marginal product of labor eventually declines.
B) the marginal product of labor will eventually be a horizontal line at zero.
C) the average product of labor increases at a decreasing rate.
D) the average product of labor starts to decline before the marginal product of labor.
E) total output eventually decreases.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents