Multiple Choice
The law of diminishing marginal product is responsible for
A) economies of scale.
B) constant returns to scale.
C) diseconomies of scale.
D) none of the long-run relationships.
Correct Answer:

Verified
Correct Answer:
Verified
Q109: The change in total variable cost which
Q110: If the marginal product curve is increasing
Q111: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q112: Which equation is used by a manager
Q113: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -According to the
Q116: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q117: The marginal cost curve intersects<br>A) the average
Q118: The average product of labor is equal
Q119: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above