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kaykay41 kaykay41
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7 months ago

The law of diminishing marginal returns states that as ever larger amounts of a variable input are combined with



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fixed inputs, the marginal physical product of the variable input rises.



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other variable inputs, the marginal physical product of the variable input declines.



▸

fixed inputs, eventually the marginal physical product of the variable input declines.



▸

other variable inputs, eventually the marginal physical product of the variable input declines.

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Economics

Economics


Edition: 12th
Author:
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shichihenge7shichihenge7
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7 months ago
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You make an excellent tutor!
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