Select the correct answer.
A farmer uses one pound of fertilizer to grow crops on his land. He decides to increase the amount of fertilizer added to the soll to three pounds
to obtain a greater yield. The size of the garden and the amounts of seeds, water, and sunlight remain the same. The farmer keeps increasing
the amount of fertilizer (to four, five, and six pounds, etc.), and continues to gain higher yields. However, since the other factors of production
remain constant, the increase in crop yleld is lower than the increase in a single factor of production (fertilizer). What is the term for this
phenomenon?
OA
economic order quantity (EOQ)
OB.
law of diminishing returns
Ос. .
economy of scale
OD
labor productivity
O E production control