Question
Suppose agricultural output requires only two inputs, labor and land. The quantity of land available is fixed; the quantity of labor is variable. Then, as
Suppose agricultural output requires only two inputs, labor and land. The quantity of land available is fixed; the quantity of labor is variable. Then, as labor quantity is increased in order to increase output quantity, the law of diminishing returns will begin to operate, and:
a.the ratio of labor to land will increase, but the ratio of land to output will fall.
b.both the labor-land ratio and the land-output ratio will fall.
c.both the labor-land ratio and the land-output ratio will increase.
d.the labor-land ratio will fall, but the land-output ratio will not change.
e.the labor-land ratio will increase, but the land-output ratio will not change.
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