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    Question

    In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is

    A Equal to 0 Correct Answer Incorrect Answer
    B Equal to 1 Correct Answer Incorrect Answer
    C Less than 1 Correct Answer Incorrect Answer
    D Greater than 1 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is less than zero, E

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