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Subject - Economics:

Microeconomics

MCQ - 135-4145

Question:

Diminishing marginal returns to short-run production begin when

  1. the average product of labor begins to fall.
  2. the total product of labor begins to fall.
  3. marginal product of labor becomes negative.
  4. the total product of labor begins to fall.
  5. marginal product of labor begins to fall.

Correct Answer: E

Explanation:

This defines diminishing marginal returns and is often missed by students, who make the mistake of identifying falling TPL , rather than falling MPL , with diminishing returns.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Diminishing marginal returns to short-run production begin when , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 135-4145.

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