Post Utme Elizade University 2020 Economics Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2020 Economics Objective / Multiple Choice
Question 19 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ECONOMICS • objective

The law of diminishing marginal returns states that as the quantity of a variable input increases, the marginal product of that input will eventually decrease. What is the reason for this decrease?

Answer Options

Correct Answer A. The law of diminishing marginal returns is a result of the increa\sing marginal \cost of production
B. The law of diminishing marginal returns is a result of the decrea\sing marginal product of labor
C. The law of diminishing marginal returns is a result of the increa\sing marginal product of capital
D. The law of diminishing marginal returns is a result of the decrea\sing marginal product of land
Correct Answer
A
Correct Option:
The law of diminishing marginal returns is a result of the increa\sing marginal \cost of production

About This Question

This is Post Utme Elizade University 2020 Economics Question 19. It is one of the objective questions from the 2020 Post Utme Elizade University Economics examination.

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