The law of diminishing marginal returns says that as additional units of a variable input are added to
A)fixed amounts of other inputs,total output will eventually remain constant
B)varying amounts of other inputs,total output will eventually decline
C)fixed amounts of other inputs,the resulting increases in total output will eventually become smaller
D)varying amount of other inputs,the resulting increases in total output will eventually become smaller
E)a declining amount of output,technology will eventually deteriorate

Question

Quizplus · Accepted Answer

The law of diminishing marginal returns states that as additional units of a variable input are added to fixed amounts of other inputs, the resulting increases in total output will eventually become smaller. This means that the marginal product of each additional unit of the variable input will decline, resulting in a flatter marginal product curve. Eventually, a point will be reached where adding more units of the variable input will lead to a decrease in total output, indicating that the law of diminishing marginal returns has set in.

The Law of Diminishing Marginal Returns Says That as Additional