Post Utme Crawford University 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

The law of diminishing returns states that as the quantity of a variable input increases, while holding the quantity of other inputs cons\tant, the marginal product of the variable input will eventually decrease.

Answer Options

Correct Answer A. True
B. False
C. It dep\ends on the market structure
D. It dep\ends on the consumer's preferences
Correct Answer
A
Correct Option:
True

About This Question

This is Post Utme Crawford University 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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