Economics · Production Theory
The Law of Diminishing Marginal Returns describes production relationships in the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Neither short-run nor long-run production analysis
- 2Both short-run and long-run production functions simultaneously
- 3Short-run production analysis where at least one input factor is fixed✓
- 4Long-run production analysis where all inputs are variable
Correct answer
Short-run production analysis where at least one input factor is fixed
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Production Theory MCQs →Want more practice questions on Production Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Production Theory