__________ says that if we keep increasing the employment of an input, with other inputs ﬁxed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

Question

[A] Law of diminishing marginal product

[B] Law of variable proportions

[C] The Short Run

[D] The Long Run

Answer & Explanation
Answer: [Law of diminishing marginal product ]

SSC CGL 2017 Tier 1 Questions and Answers