Question
The diminishing marginal product of a variable factor implies that the amount of variable factor required per unit of output decreases. State true or false.
Answer: Option B
:
B
The diminishing marginal product of a variable factor implies that the amount of variable factor required per unit of output increases. Hence, the statement is false.
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:
B
The diminishing marginal product of a variable factor implies that the amount of variable factor required per unit of output increases. Hence, the statement is false.
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