If there is one input used in production and if there are decreasing returns to scale, then the marginal product for the input will be diminishing.

Question

Quizplus · Accepted Answer

Decreasing returns to scale means that increasing the quantity of input used will result in less than proportional increase in output. As a result, the additional unit of input will have lower marginal product, leading to diminishing marginal product.

If There Is One Input Used in Production and If