According to the law of diminishing returns, along the aggregate production function, an additional unit of Select one: O A. labour decreases output. B. capital produces more output than an additional unit of labour. C. labour produces less output than the previous unit. D. labour increases the real wage rate. E. labour produces more output than the previous unit.

According to the law of diminishing returns, along the aggregate production function, an additional unit of Select one: O A. labour decreases output. B. capital produces more output than an additional unit of labour. C. labour produces less output than the previous unit. D. labour increases the real wage rate. E. labour produces more output than the previous unit.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.8P

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