Ask Question
25 January, 05:34

When an additional unit of a variable input adds less to total product than the previous unit, the firm has:

diminishing total returns.

diminishing marginal returns and diminishing total returns.

diminishing marginal returns.

increasing returns.

+4
Answers (1)
  1. 25 January, 07:39
    0
    The answer is diminishing marginal returns.

    Explanation:

    Because, each additional unit of a good adds less to utility than the previous.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When an additional unit of a variable input adds less to total product than the previous unit, the firm has: diminishing total returns. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers