Solved

The Law of Diminishing Marginal Product Indicates That

Question 129

Multiple Choice

The law of diminishing marginal product indicates that


A) average product will eventually decrease.
B) marginal product will eventually decrease.
C) total product will eventually decrease.
D) resources are inefficient.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q124: The law of diminishing marginal product shows

Q125: A single-plant firm trying to select the

Q126: Which one of the following statements is

Q127: What is minimum efficient scale? Why is

Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above

Q130: The difference between the short run and

Q131: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above

Q132: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q133: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q134: During the short run, a firm cannot<br>A)