menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics for Managers
  4. Exam
    Exam 5: Production and Cost Analysis in the Short Run
  5. Question
    The "Law of Diminishing Marginal Returns" Applies To
Solved

The "Law of Diminishing Marginal Returns" Applies To

Question 83

Question 83

Multiple Choice

The "law of diminishing marginal returns" applies to:


A) the short run, but not the long run.
B) the long run, but not the short run.
C) both the short run and the long run.
D) neither the short run nor the long run.

Correct Answer:

verifed

Verified

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

Related Questions

Q78: If,for a particular short-run production,we observe that

Q79: The marginal product of a variable input

Q80: For a particular farmer and a single

Q81: Assume that at the current level of

Q82: Which of the following is an example

Q84: By definition,in the typical firm's short-run production

Q85: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3629/.jpg" alt=" -Refer to Scenario

Q86: Assume that after the fifth worker,each additional

Q87: Economists recognize what is sometimes referred to

Q88: Explain how the value of marginal cost

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