If successive unit of labour are added to a piece of land...
If successive unit of labour are added to a piece of land while capital and technology remains constant, a point will be reached in the level of production when each additional unit of labour will add less to the output than previous units. This concept is known as
Productivity of labour
Law of diminishing marginal utility
Law of diminishing returns
Law of diminishing returns of a variable factor
Internal economies of sales
Correct answer is C
No explanation has been provided for this answer.
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