Multiple Choice
If increasing quantities of a variable factor are applied to a given quantity of fixed factors,then the law of diminishing returns tells us that
A) the marginal product and the average product of the variable factor will eventually decrease.
B) the marginal product will eventually decrease with constant average product.
C) the average product will eventually decrease with constant marginal product.
D) the average product will eventually decrease,but only if total product is held constant.
E) total product will eventually begin to fall.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Consider a firm's short-run cost curves.If average
Q44: The table below provides the annual revenues
Q45: The following data show the total output
Q46: The following data show the total output
Q47: The choices listed below involve costs to
Q49: The table below provides the annual revenues
Q50: Consider the production costs for a firm,one
Q51: Which of the following statements about the
Q52: The table below provides the annual revenues
Q53: Suppose that a firm's capital is fixed