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

Question 46

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 are added when another factor remains fixed, the marginal product of the first factor diminishes.

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