Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:

/ » Micro Economics 1 solved MCQs / By
Question:

The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:

A.

Declining quality of the labor force.

B.

Principle of comparative advantage.

C.

Law of diminishing marginal returns.

D.

Increase in marginal physical product.

Answer» d. Increase in marginal physical product.

Note: The above multiple-choice question is for all general and Competitive Exams in India.