We know that diminishing returns has set in when ______ declines.

Fill in the blank(s) with the appropriate word(s).

marginal output

Economics

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In the short run in a perfectly competitive industry,

a. each firm's supply curve is horizontal, but the market supply curve is upward sloping b. the marginal cost curve equals the marginal revenue curve c. the market supply curve is upward sloping because each firm's supply curve is upward sloping d. the market demand curve is the sum of each consumer's marginal revenue curve e. each firm earns only a normal profit

Economics

What is financial economics? What are the most important investor preferences?

What will be an ideal response?

Economics