Multiple Choice
Under diminishing marginal returns,as the amount of a variable input is reduced,the marginal product of a dollar's worth of the input will
A) exceed total product.
B) exceed average cost.
C) rise.
D) fall.
E) remain the same, but total input cost will rise.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: The bulk of goods and services consumed
Q41: A fixed input is one<br>A) for which
Q42: A firm's total output divided by the
Q43: The law of diminishing returns requires the
Q44: If equal increments of an input are
Q46: What percentage of the nation's small businesses
Q47: If the marginal products of the first
Q48: A firm uses inputs A and B
Q49: The following question are based on the
Q50: If inputs are combined so that their