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Question Practice

What does the law of diminishing marginal product state?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

What does the law of diminishi...

Single Answer MCQ
Q-00103512

What does the law of diminishing marginal product state?

1

Marginal product increases indefinitely with more inputs

2

Marginal product first increases, then eventually decreases

3

Total product remains constant regardless of input changes

4

Variable proportions have no effect on output

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