Ask Question
29 November, 22:48

The marginal product of labor eventually slopes downward due to diminishing marginal costs diminishing average returns diminishing marginal utility the law of diminishing marginal productivity

+2
Answers (1)
  1. 30 November, 00:12
    0
    The marginal product of labor eventually slopes downward due to the law of diminishing marginal productivity. The law of diminishing marginal productivity is a principle within economics. This principle states even if you increase input in one area and keep the others the same, output does increase, there will be limited effect and eventually balance back out resulting in no effect on the output.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The marginal product of labor eventually slopes downward due to diminishing marginal costs diminishing average returns diminishing marginal ...” 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