Question 33
POST_UTME_DELSU
•
2019
•
COMMERCE
•
objective
In the context of production and specialization, what is the law of diminishing returns?
Answer Options
Correct Answer
A.
The law of diminishing returns states that as the quantity of a variable input increases, the marginal product of that input will eventually decrease
B.
The law of diminishing returns states that as the quantity of a variable input increases, the marginal product of that input will eventually increase
C.
The law of diminishing returns states that as the quantity of a variable input increases, the total product of that input will eventually decrease
D.
The law of diminishing returns states that as the quantity of a variable input increases, the total product of that input will eventually increase
Correct Answer
A
Correct Option:
The law of diminishing returns states that as the quantity of a variable input increases, the marginal product of that input will eventually decrease
About This Question
This is
Post Utme Delsu
2019
Commerce
Question 33.
It is one of the
objective
questions from the
2019
Post Utme Delsu
Commerce
examination.