Multiple Choice
As a result of severe flooding,a farmer loses one-half of his productive farmland.If the property of diminishing returns applies to all factors of production,what should he expect
A) an increase in the marginal productivity of his remaining land, and an increase in the marginal productivity of his labour
B) an increase in the marginal productivity of his remaining land, and a decrease in the marginal productivity of his labour
C) a decrease in the marginal productivity of his remaining land, and an increase in the marginal productivity of his labour
D) a decrease in the marginal productivity of his remaining land, and a decrease in the marginal productivity of his labour
Correct Answer:

Verified
Correct Answer:
Verified
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