Diminishing returns to physical capital means that when the amount of human capital per worker and the state of technology are held fixed, each increase in the amount of physical capital per worker leads to

What will be an ideal response?

a smaller increase in the marginal product of labor

Economics

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How might asymmetric information cause a well-managed bank to be abandoned by its depositors?

What will be an ideal response?

Economics

Other things constant, an increase in resource prices will:

A. increase aggregate demand. B. decrease aggregate demand. C. decrease aggregate supply. D. increase aggregate supply.

Economics