Question

In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is

A Equal to 0 Correct Answer Incorrect Answer
B Equal to 1 Correct Answer Incorrect Answer
C Less than 1 Correct Answer Incorrect Answer
D None of these Correct Answer Incorrect Answer

Solution

In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is less than zero, E<0.

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