The principle of diminishing returns to capital states that if the amount of labour and other inputs employed is held constant, then the greater the amount of capital in use the:Group of answer choicesmore production is wastedless is producedless production is wastedless an additional unit of capital adds to production

What is the concept of diminishing returns to scale?It refers to when an increase in all inputs leads to a less than proportionate increase in outputIt means when additional units of input lead to a decrease in the total outputIt occurs when the total cost of production decreases as the quantity produced increasesIt happens when an increase in all inputs leads to a more than proportionate increase in output

State the law of diminishing returns

The law of diminishing returns implies that:a.a given percentage increase in all inputs leads to that same percentage increase in output.b.the proportional increase in output is larger than the underlying proportional increase in inputs.c.output increases at a rate less than the proportionate increase in inputs.d.none of these.

Which of the following statements best expresses the law of diminishing marginal returns?Multiple ChoiceThe same percentage increase in all inputs will result in a higher percentage increase in total output.As successive amounts of one resource (labour) are added to fixed amounts of other resources, beyond some point the resulting extra output will decline.Because large-scale production allows the realization of increasing returns to scale, the costs of production vary directly with the level of output.The same percentage increase in all inputs will result in a lower percentage increase in total output.Population growth automatically adjusts to that level at which the average product per worker will be at a maximum.

According to the principle of diminishing marginal productivity:Multiple choice question.if all inputs of production are variable, the marginal productivity of all fixed resources will eventually fall, all else held constant.if at least one input of production is variable, the marginal productivity of additional fixed resources will eventually fall, all else held constant.if at least one input of production is fixed, the marginal productivity of additional variable resources will eventually fall, all else held constant.if all inputs of production are fixed, the marginal productivity of additional variable resources will eventually fall, all else held constant.