MCQOPTIONS
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| 1. |
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. | decreasing returns to scale |
| B. | The law of diminishing returns |
| C. | constant returns to scale |
| D. | an inefficient production technique |
| Answer» C. constant returns to scale | |