According to the application,the corn production exhibited the principle of diminishing returns because:
A)the size of the land and the amount of machinery were held constant.
B)the type of soil was held constant.
C)the type of fertilizer was held constant.
D)the amount of nitrogen in each bag is decreasing.

Question

Quizplus · Accepted Answer

The principle of diminishing returns states that if one input factor is kept constant while the other variable inputs are increased, the marginal contribution of the variable inputs will eventually decrease. In this case, the size of the land and the amount of machinery were held constant, which means that the variable input (amount of fertilizer) was increased. As a result, the marginal contribution of each additional unit of fertilizer eventually decreased, indicating the presence of diminishing returns.

According to the Application,the Corn Production Exhibited the Principle of Diminishing