Answer
false
Work Step by Step
The principle of diminishing returns tells us that marginal output of each additional worker is smaller, but the total output is not reduced, it just does not increase by as much as when the last worker was added.
Microeconomics: Principles, Applications, and Tools (8th Edition)
by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen
Published by
Prentice Hall
ISBN 10:
0-13294-886-9
ISBN 13:
978-0-13294-886-9
Chapter 2 - The Key Principles of Economics - Exercises - 2.4 The Principle of Diminishing Returns - Page 46: 4.2
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