Asked by a
The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
A.
Capital
B.
Land
C.
Entrepreneurship
D.
Labor
Please select the best answer from the choices provided
A
B
C
D
All Answers 1
Answered by
GPT-5 mini
AI
D
The law of diminishing returns describes how adding more of a variable input (commonly labor) to fixed inputs (like capital or land) will eventually yield smaller additional output per extra unit.
The law of diminishing returns describes how adding more of a variable input (commonly labor) to fixed inputs (like capital or land) will eventually yield smaller additional output per extra unit.
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