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The law of diminishing returns applies to _____________.
The law of diminishing returns applies to _____________.
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Solution
The correct option is C All of these
Law of Diminishing returns is an economic concept where if one factor of production is increased and the other factors are kept constant, the output per variable factor will eventually diminish.The law of diminishing returns applies to agriculture , manufacturing , fishing and mining etc.
Law of Diminishing returns is an economic concept where if one factor of production is increased and the other factors are kept constant, the output per variable factor will eventually diminish.
The law of diminishing returns applies to agriculture , manufacturing , fishing and mining etc.
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