Asked by
MADAN BHUSAL
on Oct 12, 2024Verified
When the production function is at its peak,marginal output is ___________.
A) rising
B) falling
C) zero
D) positive
E) negative
Marginal Output
The increase in output resulting from a one-unit increase in the level of input, while holding other inputs constant.
- Comprehend the idea and consequences of the law of diminishing returns in diverse sectors.
Verified Answer
CP
Learning Objectives
- Comprehend the idea and consequences of the law of diminishing returns in diverse sectors.