Solved

According to the Principle of Diminishing Returns to Labor, If

Question 37

Multiple Choice

According to the principle of diminishing returns to labor, if the amount of capital and other inputs are held constant, employing additional workers:


A) increases output at an increasing rate.
B) increases output at a constant rate.
C) increases output at a decreasing rate.
D) decreases output at an increasing rate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

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