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Commerce · Q159

Economics

Graduate and Post Graduate · Commerce · question 159

Q159

During short period, diminishing returns may follow because

A.
Quantity of labour is fixed
B.
Quantity of output is fixed
C.
Quantity of capital is fixed
D.
Quantity of any one factor is fixed
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
During short period, diminishing returns may follow because quantity of any one factor is fixed.