The third of the three ranges of production is characterized by _______ marginal returns.
A) increasing
B) constant
C) diminishing
D) negative
Correct Answer:
Verified
Q137: Use the following to answer question(s): A
Q138: Use the following to answer question(s): Short-Run
Q140: When marginal cost is below average variable
Q141: In the second of the three ranges
Q142: In the long run,all costs are:
A)fixed.
B)constant.
C)variable.
D)marginal.
Q143: In the long run:
A) the firm considers
Q145: Use the following to answer question(s): A
Q146: When a total product curve is increasing
Q147: In making decisions about factor mix, a
Q156: If an increase in output results in
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