The Principle of Diminishing Marginal Returns means what? the more a good is consumed, the lower the average benefit from consumption. the more of a good that is produced, the greater the benefit of the last good to the supplier. the less of a good that is produced, the greater the average productivity of inputs. The more of a good that is produced, the lower the productivity of the last input to production. the more of a good that is produced, the greater the marginal productivity of the last input.

The Principle of Diminishing Marginal Returns means what? the more a good is consumed, the lower the average benefit from consumption. the more of a good that is produced, the greater the benefit of the last good to the supplier. the less of a good that is produced, the greater the average productivity of inputs. The more of a good that is produced, the lower the productivity of the last input to production. the more of a good that is produced, the greater the marginal productivity of the last input.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section: Chapter Questions

Problem 15QP

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v Question Completion Status: 28 24 point A - point E epoint F 20 point B- 16 12 point C- point D 8 0. 12 16 20 24 product X product Y 4.
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		the more a good is consumed, the lower the average benefit from consumption.
		the more of a good that is produced, the greater the benefit of the last good to the supplier.
		the less of a good that is produced, the greater the average productivity of inputs.
		The more of a good that is produced, the lower the productivity of the last input to production.
		the more of a good that is produced, the greater the marginal productivity of the last input.