The second of the three ranges of production is characterized by _______ marginal returns.
A) increasing
B) constant
C) diminishing
D) negative

Question

Quizplus · Accepted Answer

In this range, as more of the variable input is added to the fixed input, the marginal returns begin to diminish. This means that each additional unit of input will result in decreasing additional output, and eventually, a point will be reached where the marginal returns become negative.

The Second of the Three Ranges of Production Is Characterized