According to the law of diminishing marginal returns:

A. The marginal product falls as more units of a variable factor are added to a fixed factor.

B. Marginal utility falls as more units of a product are consumed.

C. The total product falls as more units of a variable factor are added to a fixed factor.

D. The marginal product increases as more units of a variable factor are added to a fixed factor.

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Divya SinghLv10

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22) The law of diminishing marginal returns states: A) As the size of a firm's plant increases, average cost eventually decreases. B) As a firm uses more of a variable factor of production, with a given quantity of the fixed factor of production, the marginal product of the variable factor eventually diminishes. C) As the size of a plant increases, marginal product eventually decreases. D) As a firm uses more of a variable factor or production, total product eventually decreases. E) As a firm uses more of a variable factor of production, its average cost eventually decreases.

12) The law of diminishing marginal returns states: A) As the size of a firm's plant increases, average cost eventually decreases. B) As a firm uses more of a variable factor of production, its average cost eventually decreases. As the size of a plant increases, marginal product eventually decreases. D) As a firm uses more of a variable factor or production, total product eventually decreases. E) As a firm uses more of a variable factor of production, with a given quantity of the fixed factor of production, the marginal product of the variable factor eventually diminishes.

The law of diminishing marginal returns states

A) that at some point adding more of a fixed input to a given amount of variable inputs will cause the marginal product of the variable input to decline.

B) that at some point adding more of a variable input to a given amount of a fixed input will cause the marginal product of the variable input to decline.

C) that in the presence of a fixed factor, at some point average product of labor starts to fall as more and more variable inputs are added.

D) average total costs of production initially fall and after some point starts to rise at a decreasing rate as output increases.

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