Post Utme Veritas University 2025 Economics Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2025 • 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. This is because of the increa\sing scarcity of which of the following?

Answer Options

Correct Answer A. Fixed inputs
B. Variable inputs
C. Labor
D. Capital
Correct Answer
A
Correct Option:
Fixed inputs

About This Question

This is Post Utme Veritas University 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support