Question on: JAMB Economics - 2016

If additional unit of a variable factor input causes a fall in the marginal product, this implies that

A
Total product starts declining
B
Average product has become zero
C
Diminishing returns has set in
D
Increasing returns is operating
Ask EduPadi AI for a detailed answer
Correct Option: C

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses