New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Law of diminishing returns only applies to

    cases where
    A There is increasing scarcity of factors of production Correct Answer Incorrect Answer
    B The price of extra units of a factor is increasing Correct Answer Incorrect Answer
    C There is atleast one fixed factor of production Correct Answer Incorrect Answer
    D Capital is a variable input Correct Answer Incorrect Answer

    Solution

    Law of diminishing returns only applies to cases where there is atleast one fixed factor of production.

    Practice Next