Answered step by step
Verified Expert Solution
Question
1 Approved Answer
To overcome the limitations of the law of diminishing returns it is therefore necessary: a. Simply to increase the quantities of Land since its is
To overcome the limitations of the law of diminishing returns it is therefore necessary: a. Simply to increase the quantities of Land since its is fixed factor. b. Increase all factors of production c. Introduce a 3rd shift to make labor more productive with the given amount of production space d. None of the Others
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started