Economics · Microeconomics
The 'Law of Diminishing Returns' precisely refers to a situation in which:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marginal product decreases✓
- 2Average product decreases
- 3Both marginal and average products decrease but remain negative
- 4Total product decreases
Correct answer
Marginal product decreases
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