Multiple Choice
Diminishing returns to factors of production cause:
A) diminishing opportunity costs.
B) the ratio of fixed costs to total costs to increase.
C) average fixed costs to decrease.
D) marginal costs to rise.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q64: AFC can never rise as output increases.
Q65: The item "taxes payable" is a long-term
Q66: Net worth as shown on the company's
Q67: Cash is the only asset on the
Q68: If q = 1, 2, 3 units
Q70: Average costs and marginal costs always rise
Q71: If I know the variable cost schedule,
Q72: Use the following to answer questions :<br>Table
Q73: Fixed assets are shown on the balance
Q74: A driver wishes to buy gasoline and