The Law of Diminishing Returns States That,ceteris Paribus,the

Multiple Choice

The law of diminishing returns states that,ceteris paribus,the

A) MPP of labor declines as additional land,raw materials,and other factors of production are employed.
B) MPP of labor declines as the wage rate falls.
C) MPP of labor declines as product price declines.
D) MPP of labor declines as more of it is employed with a given quantity of other (fixed) inputs.