The Law of Diminishing Returns states that 01) as the amount of an input is increased, holding all else constant, the ma

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The Law Of Diminishing Returns States That 01 As The Amount Of An Input Is Increased Holding All Else Constant The Ma 1 (24.33 KiB) Viewed 10 times

The Law of Diminishing Returns states that 01) as the amount of an input is increased, holding all else constant, the marginal product of the increasing input will eventually fall. 2) as output is increased, the marginal cost of additional output will eventually rise. O 3) as output is increased, we will eventually reach a point where a doubling of output will more than double costs. 4) if all inputs are increased in equal proportions, then the marginal product of each input will eventually fall. 5) the marginal product of an input normally goes through three distinct phases.