MCQOPTIONS
Saved Bookmarks
| 1. |
The law of diminishing returns only applies in cases where: |
| A. | there is increasing scarcity of factors of production. |
| B. | the price of extra units of a factor is increasing. |
| C. | there is at least one fixed factor of production. |
| D. | capital is a variable input. |
| Answer» D. capital is a variable input. | |