As the _____ of labour used in production increases,ceteris paribus,eventually the _____ of labour will _____.
A) price;supply;increase
B) quantity;marginal product;fall
C) quantity;marginal product;rise
D) quantity;value of the marginal product;rise

Question

Quizplus · Accepted Answer

This statement refers to the Law of Diminishing Marginal Returns, which states that as the quantity of a variable input (in this case, labor) increases, while all other inputs are held constant, the marginal product of that input will eventually decrease. Therefore, as the quantity of labor used in production increases, the marginal product of labor will fall.

As the _____ of Labour Used in Production Increases,ceteris Paribus,eventually