If a firm is experiencing diminishing returns to a variable input, then:
a. it must be hiring less-productive units of the variable resource.
b. it must be experiencing diseconomies of scale.
c. the marginal physical product of the variable input must be decreasing.
d. the average physical product of the variable input must be decreasing.
e. its total product must be decreasing.
c
Economics
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A decrease in U.S. interest rates will, other things equal, tend to: a. lower the foreign exchange value of the dollar. b. help U.S. exporters
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