The Principle of Diminishing Marginal Returns states that adding one more unit of input, say, one worker, will at some point yield more additional output subtracting one more unit of input, say, one worker, will at some point result in an economic downturn adding one more unit of input, say, one worker, will at some point yield less additional output adding one more unit of input, say, one worker, will results in the same amount of additional output as the addition of the previous worker all available answers are correct
The Principle of Diminishing Marginal Returns states that adding one more unit of input, say, one worker, will at some point yield more additional output subtracting one more unit of input, say, one worker, will at some point result in an economic downturn adding one more unit of input, say, one worker, will at some point yield less additional output adding one more unit of input, say, one worker, will results in the same amount of additional output as the addition of the previous worker all available answers are correct
Chapter11: Profit Maximization
Section: Chapter Questions
Problem 11.14P
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Question
The Principle of Diminishing Marginal Returns states that
adding one more unit of input, say, one worker, will at some point yield more additional output |
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subtracting one more unit of input, say, one worker, will at some point result in an economic downturn
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adding one more unit of input, say, one worker, will at some point yield less additional output
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adding one more unit of input, say, one worker, will results in the same amount of additional output as the addition of the previous worker
|
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all available answers are correct |
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