According to the principle of diminishing marginal physical productivity, in the short run

Related MCQs

• The law of diminishing marginal returns is encountered as increasing amounts of labour are hired because:
• Diminishing marginal returns are most compatible with:
• If labour is the only variable resource and its marginal physical product falls as more workers are hired:
• The law of diminishing returns only applies in cases where:
• Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …....
• The short run is a time period in which:
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• The short run as the term is used in connection with the theory of the firm is a period of time:
• The marginal product of labor curve shows the change in total product resulting from:
• When marginal product reaches its maximum, what can be said of total product?