Multiple Choice
The law of diminishing marginal returns
A) requires that all inputs be varied proportionately.
B) states that as an input is increased (all other inputs held constant) , total output falls after some point.
C) is relevant only when there is significant unemployment in the economy.
D) states that if more and more of a resource is used (the quantities of other resources being held constant) , after some point, the average, marginal, and total products all become equal.
E) states that as a variable input is increased (with other inputs remaining constant) , beyond some point the marginal product of the variable input falls.
Correct Answer:

Verified
Correct Answer:
Verified
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