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If it were not for the law of diminishing returns, the incorporation of more employees would...

If it were not for the law of diminishing returns, the incorporation of more employees would generate more production. Do you agree with this statement? Explain
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Answer #1

The law of diminishing returns states that with an increase in the inputs for production, the firm will reach a point where the benefits received as disproportionately lower than the inputs invested. Amongst, the stages of production, this stage sets in after the increasing returns phase.

Had it not been for this phase, every additional employment would have yielded more and more output for the firm. Hence, I agree with the statement given.

Thanks!

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