4365EconomicsMedium
Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of?
Adecreasing returns to scale
Bconstant returns to scale
Can inefficient production technique
DThe law of diminishing returns
Correct answer
D. The law of diminishing returns
Explanation
The correct answer is The law of diminishing returns.