Business, 02.03.2020 19:20 aesthetickait

The decline in marginal productivity experienced when input usage increases, holding all other inputs constant, is known as: The law of diminishing marginal utility. The law of diminishing marginal labor. The law of diminishing marginal rate of technical substitution. The law of diminishing marginal returns. A property of a production function stating that as less of one input is used, increasing amounts of another input must be employed to produce the same level of output, is known as: The law of diminishing marginal returns. The law of diminishing marginal utility. The law of diminishing marginal labor. The law of diminshing marginal rate of technical substitution.

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