Which of the following is (are)likely to cause the marginal product of an input to decrease?
A)an increase in the real price of the input
B)a decrease in the quantity of the input used in production
C)technological advances
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

The marginal product of an input typically decreases due to the law of diminishing returns, which is not directly caused by changes in input prices, input quantity, or technological advances.

Which of the Following Is (Are)likely to Cause the Marginal