Multiple Choice
"Diminishing marginal returns" means that:
A) each additional unit of an input will decrease output.
B) each additional unit of an input will increase output,but by smaller and smaller amounts as inputs increase.
C) each additional unit of an input will increase output,but by larger and larger amounts as inputs increase.
D) the firm is maximizing profit.
Correct Answer:

Verified
Correct Answer:
Verified
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