The Law of Diminishing Marginal Productivity Implies That Opportunity Cost

question 62

Multiple Choice

The law of diminishing marginal productivity implies that opportunity cost:

• A)increases as one input is increased to produce successive units of output.
• B)increases as all inputs are increased to produce successive units of output.
• C)is constant as one input is increased to produce successive units of output.
• D)is constant as all inputs are increased to produce successive units of output.

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International Audience

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