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Fill in the blanks to make the following statements correct. a. As more of a variable factor is used in combination with given quantities of

Fill in the blanks to make the following statements correct. a. As more of a variable factor is used in combination with given quantities of fixed factors, the marginal product of the variable factor will eventually decrease. This hypothesis is known as the law of diminishing marginal returns . b. The change in total output resulting from the use of one additional unit of the variable factor is called the marginal product c. If the average product and marginal product curves are plotted on a graph, the AP curve is rising as long as the MP curve lies the AP curve. The AP curve is falling when the MP curve lies the AP curve

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