Multiple Choice
Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …....
A) The marginal product of a factor is positive and rising.
B) The marginal product of a factor is positive but falling.
C) The marginal product of a factor is falling and negative.
D) The marginal product of a factor is constant.
Correct Answer:
Verified
Correct Answer:
Verified
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