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MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR1 Mark
MCQ
In case of diminishing returns to a factor:
  • A
    total product increases at a diminishing rate
  • B
    total product increases at an increasing rate
  • C
    marginal product diminishes
  • ✓
    both (a) and (c)
✓

Answer

Correct option: D.
both (a) and (c)
(d)

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