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
a
productivity of labour
b
law of diminishing marginal utility
c
law of diminishing returns
d
law of diminishing returns of a variable factor
e
internal economies of sales
Explanation
Correct Option
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