Q.

Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …....

A. The marginal product of a factor is positive and rising.
B. The marginal product of a factor is positive but falling.
C. The marginal product of a factor is falling and negative.
D. The marginal product of a factor is constant.
Answer» B. The marginal product of a factor is positive but falling.
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Micro Economics 1

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