Multiple Choice
Diminishing marginal returns occur when:
A) each additional unit of a variable factor adds more to the total output than the previous unit.
B) each additional unit of a variable factor adds less to the total output than the previous unit.
C) the marginal product of a variable factor is increasing at a decreasing rate.
D) the total product decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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