The Law of Diminishing Marginal Returns

question 3

Multiple Choice

The law of diminishing marginal returns:

• A) states that each and every increase in the amount of the variable factor employed in the production process will yield diminishing marginal returns
• B) is a mathematical theorem that can be logically proved or disproved
• C) is the rate at which one input may be substituted for another input in the production process
• D) none of the above

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