If the extra output produced from an additional unit of capital falls as the stock of capital rises, the country may be overinvesting in capital so therefore this is a True statement
- Production is simply defined as an economic activity that uses all the four factors of production (i.e. land, labor, capital, and entrepreneurship) to bring about an output that will give full satisfaction to consumers.
- Input are regarded as commodities and services that are used to produce goods and services. They include land, labor and capital
From the above we can therefore say that the answer If the extra output produced from an additional unit of capital falls as the stock of capital rises, the country may be overinvesting in capital so therefore this is a true statement, is correct
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