Characteristics of Marginal Product
Which of the following statements about marginal product is incorrect?
A
Diminishing marginal returns occur when additional inputs produce less output
B
Marginal product of labor is calculated as the change in output over the change in labor
C
Marginal product remains constant as input increases
D
Marginal product is the change in output from an additional unit of input
Question Leaderboard
Not enough data yet to show leaderboard.