The law of diminishing returns to an input says that if other inputs are fixed
A) output eventually will decrease with increases of the variable input.
B) change in output will eventually decrease with increases in the variable input.
C) revenue will eventually decrease with increases in the variable input.
D) the variable input will eventually decrease with more output.
Correct Answer:
Verified
Q2: If equal amounts of a variable input
Q3: In a typical production function, the relevant
Q4: The nineteenth-century British economist Thomas Malthus argued
Q5: The average product of a variable input
A)decreases
Q6: The short run is defined as that
Q7: In a short-run production function before diminishing
Q8: When Thomas Malthus argued that the prospects
Q9: If capital and labor are perfect substitutes
Q10: Geometrically, the marginal product
A)is the slope of
Q11: Geometrically, the average product
A)is the slope of
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