Which of the following statements describes the presence of diminishing returns? All else equal,
A) Marginal product curve is constant
B) Marginal product curve is falling and negative
C) Marginal product curve is positive and rising
D) Marginal product curve is positive and falling
Correct Answer:
Verified
Q12: The marginal cost curve:
A)Declines initially as output
Q14: Diseconomies of scale are associated with
A)Inefficiencies
B)Cost reduction
C)Improvement
Q15: The ability to lower the average costs
Q18: Diminishing marginal returns occur because
A)All inputs are
Q19: Microsoft found that instead of producing a
Q21: It costs a firm $80 per unit
Q22: It costs a firm $80 per unit
Q28: A firm experiencing constant economies of scale
Q29: When there are economies of scale,
A)per-unit costs
Q50: A food company trying to increase its
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