Asked by Hayden Wilkes on Sep 24, 2024

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​The law of diminishing marginal productivity states that

A) ​As you expand output,your marginal productivity eventually increases
B) As you expand output,your marginal productivity eventually declines
C) As you expand output,the total product eventually increases
D) ​None of the above

Marginal Productivity

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Diminishing

The process of lessening or decreasing in size, importance, or intensity.

Output

The quantity of goods or services produced by a business, individual, machine, or industry over a specified period.

  • Comprehend the law of diminishing marginal productivity and its implications for output.
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Erandy Camacho2 days ago
Final Answer :
B
Explanation :
The law of diminishing marginal productivity states that as you continue to add additional units of a variable input to a fixed input, holding all other inputs constant, eventually the marginal productivity of the variable input will begin to decline. Therefore, option B is the correct answer. Option A is incorrect because marginal productivity eventually declines, not increases. Option C is incorrect because total product may or may not increase as output expands and it is not necessarily related to the law of diminishing marginal productivity. Option D is incorrect because option B is the correct answer.