Q. Which of the following statements describes the presence of diminishingreturns. Holding at least one factor constant ….... (Solved)
1. the marginal product of a factor is positive and rising.
2. the marginal product of a factor is positive but falling.
3. the marginal product of a factor is falling and negative.
4. the marginal product of a factor is constant.
- b. the marginal product of a factor is positive but falling.