Multiple Choice
Diminishing returns to labor means:
A) that the marginal product of labor declines as the amount of labor used in a sector increases.
B) that the marginal product of labor declines as the amount of capital combined with labor in a sector increases.
C) that the marginal product of labor declines as the amount of land combined with labor in a sector increases.
D) that the marginal product of capital declines as the amount of labor used in a sector increases.
Correct Answer:

Verified
Correct Answer:
Verified
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