Multiple Choice
When diminishing marginal returns set in,
A) average product is increasing.
B) average variable cost is decreasing.
C) average cost is decreasing.
D) None of above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: Marginal cost is equal to<br>A)the increase in
Q4: Suppose the short-run production function is q
Q7: Sam's company produces output with labor and
Q8: Alison lives in a small town where
Q9: The Nifty Gum Co.has purchased a large
Q10: If average cost is decreasing,<br>A)marginal cost equals
Q79: Which of the following statements best explains
Q94: A local non-profit group prints a weekly
Q122: Suppose the short-run production function is q
Q124: Explain why in the case of economies