Asked by Brendan Trujillo on Sep 24, 2024
Diminishing marginal productivity can occur due to the following reason(s)
A) the difficulty of monitoring and motivating larger workforces
B) the increasing complexity of larger systems
C) the "fixity" or permanence of some factor of production
D) all of the above
Marginal Productivity
The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.
Fixity
In economics, refers to the inelasticity or immobility of certain factors, like land or capital, which can limit responsiveness to changes in market conditions.
- Comprehend the determinants that contribute to decreasing marginal yields.
Learning Objectives
- Comprehend the determinants that contribute to decreasing marginal yields.
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