Question: I have max 5 min to this question.please help Quiz 2 of 2 According to the law of diminishing returns, what happens as more of

I have max 5 min to this question.please help

Quiz 2 of 2 According to the law of diminishing returns, what happens as more of a variable factor is combined with a fixed factor? O An increase in the price of the variable factor will eventually result in an increase in production costs. A reduction in the quality of the variable factor will eventually result in an increase in production costs. O Fewer units of the variable factor will be needed to produce equal increases in output. The proportions in which the factors are combined will eventually result in progressively smaller increases in output. 9:33
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
