When the law of diminishing returns applies,which of the following would rise with increased employment of labor,ceteris paribus?

Question

Quizplus · Accepted Answer

The law of diminishing returns states that as more units of a variable input (like labor) are added to fixed inputs (like capital), the additional output from each new unit of input will eventually decrease. This leads to an increase in the marginal cost of production, as each additional unit of output requires more input (labor) for less output, making it more costly to produce each additional unit.

When the Law of Diminishing Returns Applies,which of the Following