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Diminishing Marginal Product of Labour Is Said to Exist When

Question 57

Multiple Choice

Diminishing marginal product of labour is said to exist when there is


A) an increase in the amount of capital available for each unit of labour.
B) a reduction in the level of labour input that causes output to increase.
C) an increase in the division and specialization of labour.
D) technological advancement.
E) a successively smaller increase in output with each successive unit increase in labour input.

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