Economy, asked by Chandan7859, 1 year ago

Do you think tp must decrease in a situation of diminishing return?

Answers

Answered by nnikhilsingh147
0

Explanation:

The given statement is False. This is because in a situation of diminishing returns to a factor marginal product tends to fall. Falling marginal product implies that total product should be increasing, though at a diminishing rate. It simply implies diminishing slope of TP (total product) curve, NOT diminishing TP.

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