According to Diminishing Marginal Product,if All the Inputs to a Firm

question 166

Multiple Choice

According to diminishing marginal product,if all the inputs to a firm are increased in equal proportions,

• A) output will increase more than in proportion to the increase in the inputs.
• B) output will increase less than in proportion to the increase in the inputs.
• C) output will increase exactly in proportion to the increase in the inputs.
• D) The law of diminishing returns says nothing about what will happen to output when all inputs are increased in equal proportions.

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