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