

MCQOPTIONS
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1. |
__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling. |
A. | Law of diminishing marginal product |
B. | Law of variable proportions |
C. | The Short Run |
D. | The Long Run |
Answer» B. Law of variable proportions | |