The law of diminishing marginal returns results in average total cost eventually
A. decreasing at an increasing rate.
B. increasing at an increasing rate.
C. decreasing at a decreasing rate.
D. increasing at a decreasing rate
Answer: B
Economics
You might also like to view...
If real GDP is $11,750 billion and aggregate hours are 175 billion, labor productivity equals
A) $23.50 per hour. B) $52 per hour. C) $67 per hour. D) $235 per hour.
Economics
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Economics