Asked by
Aakash kumar singh
on Nov 25, 2024
Verified
The law of diminishing returns in a manufacturing plant of a fixed capacity implies that, eventually, employing one
A) more worker will increase the average amount of output per worker.
B) more worker will decrease the average amount of output per worker.
C) fewer worker will decrease the average amount of output per worker.
D) fewer worker will not affect the average amount of output per worker.
Law Of Diminishing Returns
An economic principle stating that if one factor of production is increased while others remain constant, the overall marginal returns will eventually decrease.
Average Output
The total output produced divided by the number of units of input, measuring the efficiency or productivity of production.
- Gain an understanding of how the law of diminishing returns affects productivity and output.
Verified Answer
AS
Learning Objectives
- Gain an understanding of how the law of diminishing returns affects productivity and output.