menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 7: Production, Inputs, and Cost: Building Blocks for Supply Analysis
  5. Question
    The "Law" of Diminishing Returns Rests on the "Law" of Variable
Solved

The "Law" of Diminishing Returns Rests on the "Law" of Variable

Question 156

Question 156

True/False

The "law" of diminishing returns rests on the "law" of variable input proportions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q151: Marginal revenue product is the effect of

Q152: If on a given product indifference curve,

Q153: When economies of scale are present,<br>A)costs per

Q154: Figure 7-17 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 7-17

Q155: For most firms, if the marginal cost

Q157: Firms choose the highest production indifference curve

Q158: Firms should use a resource up to

Q159: Figure 7-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 7-16

Q160: A budget line is the locus of

Q161: Figure 7-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 7-15

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines