Q. Under the law of diminishing returns, a gain in output will: increase at a decreasing rate. decrease...

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Finance

Q. Under the law of diminishing returns, a gainin output will:
increase at a decreasing rate.
decrease at a decreasing rate.
decrease at an increasing rate.

Answer & Explanation Solved by verified expert

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Law of diminishing return is a concept of economics under which there comes a point after which increase in one factor of production keeping other factors constant will increase the total output at See Answer

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Q. Under the law of diminishing returns, a gain in output will: increase at a decreasing rate. decrease...

70.2K

Verified Solution

Question

Finance

Q. Under the law of diminishing returns, a gainin output will:
increase at a decreasing rate.
decrease at a decreasing rate.
decrease at an increasing rate.

Answer & Explanation Solved by verified expert

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Q. Under the law of diminishing returns, a gain in output will: increase at a decreasing rate. decrease...

70.2K

Verified Solution

Question

Finance

Q. Under the law of diminishing returns, a gainin output will:increase at a decreasing rate.decrease at a decreasing rate.decrease at an increasing rate.

Answer & Explanation Solved by verified expert

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Transcribed Image Text

Other questions asked by students

Q. Under the law of diminishing returns, a gainin output will:
increase at a decreasing rate.
decrease at a decreasing rate.
decrease at an increasing rate.