Phil found that as he continued to crowd laborers into his hot dog stand, the extra output he was receiving from each additional laborer was beginning to fall off. This is an example of the
Part 2
A.
law of diminishing product.
B.
law of increasing opportunities.
C.
law of diminishing marginal utility.
D.
law of demand.
1 answer
A. law of diminishing product.
1 answer