1- According to the law of diminishing returns:
A. The marginal product falls as more units of a variable factor are added to
a fixed factor.
B. Marginal utility falls as more units of a product are consumed.
C. The total product falls as more units of a variable factor are added to a
fixed … Read more
A. The marginal product falls as more units of a variable factor are added to
a fixed factor.
B. Marginal utility falls as more units of a product are consumed.
C. The total product falls as more units of a variable factor are added to a
fixed … Read more