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Q. Under the law of diminishing returns, a gain in output will: increase at a decreasing rate. decrease...

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Finance

Q. Under the law of diminishing returns, a gainin output will:

  1. increase at a decreasing rate.
  2. decrease at a decreasing rate.
  3. decrease at an increasing rate.

Answer & Explanation Solved by verified expert
4.5 Ratings (604 Votes)
Law of diminishing return is a concept of economics under which there comes a point after which increase in one factor of production keeping other factors constant will increase the total output at    See Answer
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Q. Under the law of diminishing returns, a gainin output will:increase at a decreasing rate.decrease at a decreasing rate.decrease at an increasing rate.

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