Multiple Choice
Diminishing returns occur because
A) Of inefficiency in the production process.
B) Of the use of inferior factors of production.
C) A firm increases the amount of a variable input without changing a fixed input.
D) Of lower opportunity costs of the factors of production.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Which of the following is a factor
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
Q41: Ceteris paribus,the law of diminishing returns states
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