Which of the following is consistent with diminishing marginal product? The more
ID: 1224666 • Letter: W
Question
Which of the following is consistent with diminishing marginal product?
The more you study each day, the more you learn from each added hour of study.
None of the above.
The more you study each day, the less you know.
Beyond some point, each added hour studying each day adds less to what you know than the previous hour's study.
a.The more you study each day, the more you learn from each added hour of study.
b.None of the above.
c.The more you study each day, the less you know.
d.Beyond some point, each added hour studying each day adds less to what you know than the previous hour's study.
Explanation / Answer
D is the answer
The law of dimnishing marginal utility states that the value addition will decrease over time. If you eat too many mangoes the pleasure derived will decrease, the same is true with most things.
The pleasure from adventure or travel is great but if you just make too many trips to same place then your pleasure decreases.
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