The Principle of Diminishing Marginal Productivity of Labour Implies That

question 23

Multiple Choice

The principle of diminishing marginal productivity of labour implies that

• A)output diminishes as labour increases.
• B)output will decrease first,but it will increase as labour increases.
• C)output increases at diminishing rate as labour increases.
• D)output will increase first,but it will decrease as labour increases.

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Definitions:

Requesting More Information

The act of seeking additional details or clarification about a topic, product, or situation to make informed decisions or deepen understanding.

Objections

Concerns or reasons given by a potential customer that could hinder them from completing a purchase.

Conditions

Refers to the specific circumstances or requirements attached to something, such as a deal, agreement, or offer.

Hopeless Objections

Customer objections during a sales process that appear insurmountable and often signal a strong resistance to making a purchase.