I hiring more worker results, in each additional workercontriburing successively smaller amounts of output , then a.diminishing profitability ispresent. b.diminishing marginal cost is present c.diminishing marginal product is present d.diminishing total product is present I hiring more worker results, in each additional workercontriburing successively smaller amounts of output , then a.diminishing profitability ispresent. b.diminishing marginal cost is present c.diminishing marginal product is present d.diminishing total product is present
Explanation / Answer
c.diminishing marginal product is present diminishing marginal product means you put in more but getless everytime you do it Read this http://en.wikipedia.org/wiki/Diminishing_returns