“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the:

“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Correct Answer Law of diminishing return

Related Questions

When workers do not find their assignments challenging, they become bored and, therefore, achieve less then their potential. On the other hand, when works find their assignments too difficult, they give up and so again achieve less than what they are capable of achieving. It is, therefore, clear that no worker’s full potential will even be realized. Which one of the following is an error of reasoning contained in the argument?
L is older than M and taller than N. O is younger than P, older than N and shorter than Q. R is older than S, younger than N, shorter than S and taller than Q. S is older than L, M, O, P, Q, R and S is necessarily false?