Recall the Application about the use of fertilizer and its impact on crop yields to answer the following question(s). The table is taken from this Application.
Fertilizer and Corn Yield

-Diminishing returns occurs because
A) not enough people have jobs.
B) one of the inputs to the production process is fixed.
C) consumers don't buy enough of the products produced.
D) two people have not satisfied their self-interests.

Question

Recall the Application about the use of fertilizer and its impact on crop yields to answer the following question(s). The table is taken from this Application.
Fertilizer and Corn Yield
 
-Diminishing returns occurs because
A) not enough people have jobs. 
B) one of the inputs to the production process is fixed. 
C) consumers don't buy enough of the products produced. 
D) two people have not satisfied their self-interests.

Quizplus · Accepted Answer

Diminishing returns refers to a decrease in the marginal output of a production process as one of the inputs, usually capital or labor, is fixed. This means that increasing the amount of the variable input, in this case fertilizer, will lead to a smaller increase in the output of the other input, in this case, corn yield. Therefore, choice B is the correct answer. Choices A, C, and D are not related to the concept of diminishing returns.

Recall the Application About the Use of Fertilizer and Its