Multiple Choice
Diminishing marginal returns refers to the:
A) decline in the rate at which extra inputs are employed in production.
B) fall in average product associated with a unit increase in the fixed input.
C) decline in total product which is less than proportionate to a change in the fixed input.
D) fall in output per unit with an incremental increase in the variable input.
Correct Answer:

Verified
Correct Answer:
Verified
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