diminishing marginal product leads to: decreased profitability for a seller. increased supply of an item…
diminishing marginal product leads to: decreased profitability for a seller. increased supply of an item. rising marginal costs for a seller. lower opportunity costs of producing an item.
Answer
Brief Explanations:
Diminishing marginal product means that as more of a variable input is added to fixed inputs, the additional output from each extra unit of the variable input decreases. This implies that to produce each additional unit, more of the variable input is needed, which leads to rising marginal costs for the seller.
Answer:
rising marginal costs for a seller.