Question

Question No. 3
Diminishing returns occur
when units of a variable input are added to a
fixed input and total product falls
when units of a variable input are added to a
fixed input and marginal product falls.
when the size of the plant is increased in the
long run.
when the quantity of the fixed input is
increased and returns to the variable input falls​

Answer 1

Explanation:

Diminishing returns occur

• when the quantity of the fixed input is
• increased and returns to the variable input falls