In case of diminishing returns to a factor: [1]
A. Total product increases at diminishing rate
B. Total product increases at increasing rate
C. Marginal product diminishes
D. both (a) and (c)
Answer:D
In case of diminishing returns to a factor: [1]
A. Total product increases at diminishing rate B. Total product increases at increasing rate C. Marginal product diminishes D. both (a) and (c)