The law of diminishing returns depends on the assumption that ___________.

total output is constant

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the state of technical-knowledge is unchanged

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land is constant

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average output declines faster than marginal output

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Solution

The correct option is C the state of technical-knowledge is unchanged
Assumption of law of diminishing returns is that the technology remains unchanged.

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Q. The law of diminishing return is based on the assumption that:

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The law of diminishing returns depends on the assumption that ___________.

The correct option is C the state of technical-knowledge is unchangedAssumption of law of diminishing returns is that the technology remains unchanged.

The correct option is C the state of technical-knowledge is unchanged
Assumption of law of diminishing returns is that the technology remains unchanged.