Multiple Choice
Ceteris paribus,the law of diminishing returns states that beyond some point,the
A) Returns on stocks and bonds diminish with higher security prices.
B) Addition to total utility diminishes as more units of a good are consumed.
C) Marginal physical product of a factor of production diminishes as more of it is employed with a given quantity of other inputs.
D) Output of any good increases as more of a variable input is used.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Which of the following is a long-run
Q37: Average total cost is equal to<br>A)Total cost
Q38: Which of the following statements about the
Q39: Economies of scale<br>A)Exist in both the short
Q40: Diminishing returns occur because<br>A)Of inefficiency in the
Q42: Refer to Table 21.5: Table 21.5<br>
Q43: Table 21.4 <span class="ql-formula" data-value="\begin{array}{|c|r|}\hline
Q44: Table 21.1 <span class="ql-formula" data-value="\begin{array}
Q45: Table 21.2 <span class="ql-formula" data-value="\begin{array}{|l|r|r|r|r|}\hline
Q46: Diseconomies of scale are reflected in<br>A)The downward-sloping