Multiple Choice
Diminishing returns refers to the decrease in
A) profit that results from increases in output.
B) average total cost that results from decreases in input prices.
C) average product that results from increases in the variable input.
D) marginal product that results from increases in the variable input.
E) long-run average cost that results from increases in output.
Correct Answer:

Verified
Correct Answer:
Verified
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