Question

According to _________, "As we increase the quantity of any one input which is combined with a fixed quantity of the other inputs, the marginal physical productivity of the variable input must eventually decline".

• A. K.E. Boulding
• B. J.B. Say
• C. G.B.Shaw
• D. P.A. Samuelson

Answer 1

Answer: (A)

K.E. Boulding

The definition of diminishing returns as given by K.E Boulding is "As we increase the quantity of any one input which is combined with a fixed quantity of the other inputs, the marginal physical productivity of the variable input must eventually decline".