The law of diminishing returns implies that, with the use of capital fixed, as the use of labor rises, OA. total product will fall eventually. OB. the marginal product of labor will fall eventually. OC. the total product of labor will fall below the marginal product of labor. OD. the production process will become technologically inefficient eventyally
The law of diminishing returns implies that, with the use of capital fixed, as the use of labor rises, OA. total product will fall eventually. OB. the marginal product of labor will fall eventually. OC. the total product of labor will fall below the marginal product of labor. OD. the production process will become technologically inefficient eventyally
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 5P
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