The Property of Diminishing Marginal Product Means That, After a Point

question 1

Multiple Choice

The property of diminishing marginal product means that, after a point, when additional quantities of:

• A) a factor are added, output diminishes.
• B) both labor and capital are added, output diminishes.
• C) both labor and capital are added, the marginal product of labor diminishes.
• D) a factor is added when another factor remains fixed, the marginal product of that factor diminishes.

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