Which of the following is consistent with diminishing marginal product?
A) The more you study each day, the more you learn from each added hour of study.
B) The more you study each day, the less you know.
C) Beyond some point, each added hour studying each day adds less to what you know than the previous hour's study.
D) None of the above.

Question

Quizplus · Accepted Answer

Diminishing marginal product occurs when additional units of an input (in this case, hours of study) result in smaller increases in output (knowledge or learning). Option C best describes this concept, as it states that there comes a point where each additional hour of studying provides less additional knowledge than the previous hour of study. Options A and B do not describe diminishing marginal product.

Which of the Following Is Consistent with Diminishing Marginal Product