Question 12

As more labour is added to a fixed amount of input, the rate at which output goes up begins to decrease. This is called

  • A.diminishing marginal utility
  • B.diminishing marginal productivity
  • C.diminishing marginal costs.
  • D.diminishing marginal profit.
Objective

Question details

Exam body
IMSU
Subject
Economics
Year
2012/2013
Question no.
#12
Type
Objective

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