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    Microeconomics Theory Study Set 1
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    Exam 7: Costs
  5. Question
    When Diminishing Marginal Returns Set In
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When Diminishing Marginal Returns Set In

Question 2

Question 2

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:

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