Assertion (A): As the proportion of one variable factor in a combination with fixed factor is increased, after a point the marginal product of the factor will diminish. Reason (R): Beyond the level of optimum combination of inputs leads to this.

A R is appropriate reason of (A).

BR is not appropriate reason of (A).

CA and R are not related with each other.

DA is independent of (R).

Answer & Explanation
Answer: Option [A]

Article and Schedule Quiz	Start Test!

Commerce - CBSE UGC NET Previous Years Solved Question with Answers Paper II, June 2013