Day: October 15, 2018

The law of diminishing returns makes it clear that as more a variable input is employed ……..?

Select ONE answer:

1. In the long-run, the marginal product of the variable input will eventually fall.
2. In the short-run, the marginal product of the variable input will eventually fall.
3. In the short-run, the marginal product of the variable input will eventually rise.
4. In the long-run, the marginal product of the variable input will eventually rise.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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