Fill in the Blank QuestionFill in the blank question.When marginal product decreases when one more unit of labor is added, this reminds us of the law of . (Enter one word per blank.)

When the Average Product of Labor is positive but declining, the Marginal Product of Labor could be? Declining Zero Negative any of the above

Multiple Choice QuestionThe decreasing marginal product from the addition of one additional unit of labor is due to which of the following?Multiple choice question.The law of diminishing marginal utilityThe law of diminishing returnsThe law of supplyThe law of demand

When the Total Product falls the Average Product of Labor is zero the Marginal Product of Labor is zero the Average Product of Labor is negative the Average Product of Labor is declining

The law of diminishing marginal productivity states that, as more of a variable input is added to a fixed input, the:Question 5Answera.Marginal product of the variable input will eventually decrease.b.Total product will increase indefinitely.c.Average total cost will decrease.d.Fixed input will become variable.

Multiple Choice QuestionAs one more additional variable input such as labor is applied to fixed capital such as plant and equipment, the marginal product, or additional output, will fall. This describes the law of Blank______.Multiple choice question.supplyincreasing returnsdiminishing returnsdemand