Post Utme Lead City University 2018 Economics Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 18 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

The law of diminishing marginal returns states that

Answer Options

Correct Answer A. As the quantity of a variable input increases, the marginal product of that input will eventually decrease.
B. As the quantity of a variable input increases, the marginal product of that input will eventually increase.
C. As the quantity of a variable input increases, the marginal product of that input will remain cons\tant.
D. As the quantity of a variable input increases, the marginal product of that input will decrease and then increase.
Correct Answer
A
Correct Option:
As the quantity of a variable input increases, the marginal product of that input will eventually decrease.

About This Question

This is Post Utme Lead City University 2018 Economics Question 18. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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