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

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d. Diminishing returns

reason: The law of Diminishing returns states that in the production process, if one input (here, employees) is increased when all the other inputs are fixed, a point will be reached where the increase in that input will yield progressively diminishing increases in output

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Answer 2

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