Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ? | MCQ Hive

Economics Mcqs

Q Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?

A A. Decreasing returns to scale
B B. The law of diminishing returns
C C. Constant returns to scale
D D. An inefficient production technique

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