As the usage of an input increases,marginal product:
A) initially increases then begins to decline.
B) initially decreases then begins to increase.
C) consistently decreases.
D) consistently increases.

Question

Quizplus · Accepted Answer

The law of diminishing marginal returns states that as the usage of an input increases, the marginal product initially increases but then begins to decline. This means that the production output will increase at a decreasing rate as more units of input are added. Therefore, choice A is the best answer.

As the Usage of an Input Increases,marginal Product