The law of diminishing marginal returns implies
A)the more hours you spend studying economics the less you will know.
B)your understanding of economics will be increased by decreasing your marginal study time.
C)after a certain point,the more hours you spend studying economics per day,the less you will learn with each added hour.
D)the more hours you spend studying economics per day,the more you will learn with each added hour.

Question

Quizplus · Accepted Answer

The law of diminishing marginal returns states that after a certain point, the additional output generated by an additional unit of input (in this case, studying time) will decrease. Thus, option C is the correct choice as it implies that there is a point where additional studying time results in less learning.

The Law of Diminishing Marginal Returns Implies