The phenomenon of marginal product decreasing as employees are added to production is referred to as...

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The phenomenon of marginal product decreasing as employees are added to production is referred to as...

The phenomenon of marginal product decreasing as employees are added to production is referred to as
Select one: a. zero economic profit. b. negative returns to scale. c. increasing total product. d. diminishing returns.

business economics

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Answer 1

Answer #1

Solution :-

The Correct Answer is (d) that is Diminishing Returns .

The phenomenon of marginal product decreasing as employees are added to production is referred to as Diminishing Returns .

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Answer 2

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