Solved

Which Statement Is True About the Law of Diminishing Marginal

Question 89

Multiple Choice

Which statement is true about the law of diminishing marginal returns?


A) It sets in because not all workers are equally productive.
B) It applies only in the short run.
C) It holds even when there are no fixed factors.
D) It ultimately explains why production displays diseconomies of scale.

Correct Answer:

verifed

Verified

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

Related Questions

Q84: All of the following cost curves are

Q86: Table 7.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 7.1

Q88: Figure 7.5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 7.5

Q92: Maria's Yiros House sells yiros.The cost of

Q94: Use the following graph to answer the

Q104: If production displays economies of scale, the

Q132: Average fixed cost is equal to<br>A)the amount

Q149: If production displays diseconomies of scale, the

Q251: When a firm's long-run average cost curve

Q277: Which of the following equations is incorrect?<br>A)ATC