As the quantity of labor increases,the marginal product of labor
A) is constant.
B) increases.
C) decreases.
D) may either increase or decrease.

Question

Quizplus · Accepted Answer

The law of diminishing marginal returns states that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases. Therefore, as the quantity of labor increases, the marginal product of labor will eventually decrease.

As the Quantity of Labor Increases,the Marginal Product of Labor