Because marginal product decreases as input is increased,
A)nothing is implied about how much input is required to produce one more unit of output.
B)it takes decreasing amounts of input to produce one more unit of output.
C)it takes increasing amounts of input to produce one more unit of output.
D)the amount of input it takes to produce one more unit of output does not change.
E)it takes zero input to produce one more unit of output.

Question

Quizplus · Accepted Answer

Marginal product is the additional output produced by adding one more unit of input. When marginal product decreases as input is increased, it means that more and more input is required to produce an additional unit of output. Therefore, it takes increasing amounts of input to produce one more unit of output.

Because Marginal Product Decreases as Input Is Increased