Multiple Choice
Which of the following is the best explanation of why the law of diminishing returns does not apply in the long run?
A) All factors of production are variable in the long run.
B) The MPP does not change in the long run.
C) In the long run,firms have enough time to find more qualified workers.
D) All factors of production are fixed in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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