Multiple Choice
Refer to the graph. Diminishing marginal returns are reflected in
A) the shift of the short-run average total cost curve from ATC₂ to ATC₁.
B) a move along short-run average total cost curve ATC₂ from point e to point f.
C) a move along short-run average total cost curve ATC₁ from point b to point a.
D) the shift of the short-run average total cost curve from ATC₁ to ATC₂.
Correct Answer:
Verified
Correct Answer:
Verified
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