NABTEB QUESTIONS

Explain the law of diminishing marginal returns. – NABTEB QUESTION

The law of diminishing marginal returns states that if increasing units of variable factors of production are combined with a given quantity of another fixed factor, returns are on the increased up to a point after which the marginal returns falls.

LAND UNITS OF LABOUR TOTAL OUTPUT MARGINAL OUTPUT AVERAGE OUTPUT
5 Hectares 1 10 10 10
5 Hectares 2 22 12 11
5 Hectares 3 39 17 13
5 Hectares 4 52 13 13
5 Hectares 5 60 8 12
5 Hectares 6 66 7 11

 

Sunday

Share
Published by
Sunday
Tags: NABTEB

Recent Posts

EME 310 Theory Questions: Hypothesis Testing

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

2 days ago

EME 310 Theory Questions: Sampling Error And Sampling Bias

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

2 days ago

EME 310 Theory Questions: Sample And Sampling Techniques

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

2 days ago

EME 310 Theory Question: Sources Of Literature – Project Writing

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

2 days ago

EME 310 Theory Questions: Research Proposal Vs Research Abstract – Educational Research

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

2 days ago

EME 310 Theory Questions: Research Topics

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

2 days ago