Diminishing marginal product of labour refers to Group of answer choicesThe increase in the slope of the total product curve as the number of workers increases.When total output decreases at an increasing rate as the number of workers increases.The fall in the addition to total output as the number of workers increases.The fall in the total output as the number of workers increases.

The law of diminishing marginal productivity states that, as more of a variable input is added to a fixed input, the:Question 5Answera.Marginal product of the variable input will eventually decrease.b.Total product will increase indefinitely.c.Average total cost will decrease.d.Fixed input will become variable.

Diminishing marginal utility means total utility is:Multiple choice question.decreasing at a decreasing rate as long as marginal utility is positive.increasing at a decreasing rate as long as marginal utility is positive.decreasing at an increasing rate as long as marginal utility is positive.unchanged.

According to the law of diminishing marginal returnsMultiple Choicethe additional product generated by additional units of an input will eventually diminish.the additional inputs necessary to produce an additional unit of output will diminish.employing additional inputs will diminish total product.total product will fall and then rise as additional units of an input are employed.

According to the Law of diminishing marginal returns,Group of answer choicesThe production function reaches a minimum point as more output is produced.The production function is relatively steeper at the initial levels of production.The production function is relatively flatter at the initial levels of production.The production function becomes increasingly steep as more output is produced.

"Diminishing marginal benefit" implies that when Sally consumes one fewer unit of a good that she likes, her Group of answer choices marginal benefit increases. total benefit increases. income decreases. marginal benefit decreases.