Diminishing Marginal Returns Occur When

question 167

Multiple Choice

Diminishing marginal returns occur when

• A) the average product of the variable input eventually diminishes.
• B) the marginal product of an additional worker is less than the marginal product of the previous worker hired.
• C) the firm hires cheap, less-skilled workers in place of expensive, high-skilled workers.
• D) total product diminishes.

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