Multiple Choice
In the short run,the law of diminishing returns
A) Occurs for only a few economies.
B) Can be observed in every production process.
C) Does not occur in command economies.
D) Can be overcome by using more variable inputs.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q55: Assuming labor is a variable input,an increase
Q56: What is the average fixed cost when
Q57: Total revenue plus total cost equals profit.
Q58: In economics,the long run is considered to
Q59: If choosing a larger plant will reduce
Q61: If the MPP of a worker is
Q62: Average total cost is important to a
Q63: The period in which at least one
Q64: What is the total fixed cost in
Q65: Diseconomies of scale imply that the average