Multiple Choice
Which of the following are correct? According to the law of diminishing returns, (1) marginal product eventually rises.
(2) marginal product eventually falls.
(3) marginal cost eventually rises.
(4) marginal cost eventually falls.
A) (1) and (3)
B) (1) and (4)
C) (2) and (3)
D) (2) and (4)
E) (4)
Correct Answer:
Verified
Correct Answer:
Verified
Q125: Choose the correct equation.<br>A)TFC = TC/Q<br>B)TFC =
Q126: Marginal product of labour is the increase
Q127: If the marginal product of the fifth
Q128: When the marginal product of labour is
Q129: If the ATC curve is rising then
Q131: Use the figure below to answer the
Q132: If diseconomies of scale are present,<br>A)average total
Q133: As soon as diminishing returns set in,a
Q134: If an increase in output from 5
Q135: Use the table below to answer the