ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!


    тЪб Month End Offer - Flat 52% Off On All Courses! Enroll Now тЪб
    00:00:00 AM Left

    Question

    ┬аLaw of diminishing returns only applies to

    cases where
    A There is increasing scarcity of factors of production Correct Answer Incorrect Answer
    B The price of extra units of a factor is increasing Correct Answer Incorrect Answer
    C There is atleast one fixed factor of production Correct Answer Incorrect Answer
    D Capital is a variable input Correct Answer Incorrect Answer
    E Labour is fixed Correct Answer Incorrect Answer

    Solution

    Law of diminishing returns only applies to cases where there is atleast one fixed factor of production.

    Practice Next
    More Research Questions
    ask-question