are based on the short-run production function in the graph at right.

-The "law of diminishing marginal returns" begins to take effect at labor input level:
A)0
B)X
C)Y

Question

are based on the short-run production function in the graph at right.

-The "law of diminishing marginal returns" begins to take effect at labor input level:
A)0 
B)X 
C)Y

Quizplus · Accepted Answer

The "law of diminishing marginal returns" begins to take effect at a certain point, labeled as "X" in this context, where adding more of a variable input (like labor) to a fixed input (like machinery) will yield progressively smaller increases in output.

Are Based on the Short-Run Production Function in the Graph