If you hire an additional worker for your farm and you don't buy more land or tools, which of the following would explain why this worker's marginal product is less:
A)law of farming.
B)law of production function.
C)law of diminishing returns.
D)law of economics.
E)none of the above.

Question

Quizplus · Accepted Answer

The law of diminishing returns states that as additional units of a variable input are added to fixed inputs, the marginal product of the variable input eventually decreases. Thus, the addition of an extra worker without additional land or tools will result in a decrease in the marginal product of each worker due to the limited resources available for production.

If You Hire an Additional Worker for Your Farm and You