aved Question 10 (1 point) Which of the following is NOT correct about changes i

Question

aved Question 10 (1 point) Which of the following is NOT correct about changes in marginal product? . A) An increase in a resource's marginal product can result from an increase in the use of other resources. B) An increase in a resource's marginal product can result from an improvement in technology C) An increase in a resource's marginal product can result from a new invention or improved method of production. 12 D) No changes can occur in marginal product for low levels of output in a perfectly competitive market. Started

Explanation / Answer

Option D

For low levels of output the marginal product keeps reducing because of diminishing marginal returns.

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