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brooke Ollis
on Nov 25, 2024

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According to the law of diminishing marginal returns,

A) output will fall and then rise as additional units of input are employed.
B) employing additional inputs will diminish total output.
C) the additional output generated by additional units of an input will diminish.
D) the additional inputs necessary to produce an additional unit of output will diminish.

Law Of Diminishing Marginal Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.

Total Output

The overall quantity of goods and services produced in an economy within a specific time frame.

Units Of Input

Quantitative measures of the resources used in the production of goods or services.

  • Learn about the fundamental principle of reduced marginal gains.
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Emily WiebeNov 29, 2024
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