=+4. According to the law of diminishing marginal returns, when one or more inputs are fixed, a

Question:

=+4. According to the law of diminishing marginal returns, when one or more inputs are fixed, a variable input

(usually labor) is likely to have a marginal product that eventually diminishes as the level of input increases.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

Question Posted: