True/False
The law of diminishing marginal productivity states that as more units of a variable input are added, holding other inputs constant (ceteris paribus), the additional output obtained from each new unit of the variable input eventually falls.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: The vertical distance between the average total
Q9: The following graph shows average fixed costs,
Q10: Average variable cost is total variable cost:<br>A)
Q11: If the law of diminishing marginal productivity
Q12: When output is 500, a firm's fixed
Q14: The total fixed cost curve is:<br>A) upward
Q15: If your latest test grade and your
Q16: If a firm shuts down for a
Q17: Total output per worker is also called:<br>A)
Q18: The following graph shows average fixed costs,