Question: As workers are added to a production process the marginal product of each worker may initially rise, but at some point, the marginal product of

As workers are added to a production process the marginal product of each worker may initially rise, but at some point, the marginal product of labor will peak and then decline. This concept is best explained by the __________. Select the correct answer below: law of increasing marginal product law of diminishing marginal product law of economic profit law of decreasing costs

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