Solved

The Law of Diminishing Marginal Returns _____

Question 42

Multiple Choice

The law of diminishing marginal returns _____.


A) is relevant in the short run.
B) assumes all the inputs are fixed
C) is applicable to fixed and variable inputs
D) applies when all inputs are increased

Correct Answer:

verifed

Verified

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

Related Questions

Q37: A carpenter hammers nails each day at

Q38: Use the following figure to answer the

Q39: Linear homogeneous production functions are often used

Q40: Use the following figure to answer the

Q41: The ratio of the change in total

Q43: Use the following table to answer the

Q44: Estimation of a production function from the

Q45: In the long run,_.<br>A)the marginal cost of

Q46: If the average product of labor is

Q47: Draw isoquants for the following:<br>a)Tree Fellas Ltd.is