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.
Correct Answer:

Verified
Correct Answer:
Verified
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