Question

    The 2nd phase (diminishing returns to a factor) is

    exhibited by the following total product sequence
    A 50, 50, 50, 50 Correct Answer Incorrect Answer
    B 50, 110, 180, 260 Correct Answer Incorrect Answer
    C 50, 100, 150, 200 Correct Answer Incorrect Answer
    D 50, 90, 120,140 Correct Answer Incorrect Answer

    Solution

    In second phase of diminishing return to a factor, the total output increase at decreasing rate.

    Practice Next
    More Research Questions

    Relevant for Exams:

    ask-question