Which of the following represents the point at which diminishing returns will set in?
A) When AC begins to rise
B) When MC begins to rise
C) When MC is falling
D) When AC = MC
E) When AC is falling
Correct Answer:
Verified
Q15: Which of the following is true?
A) MC
Q16: The following diagram shows a firm's short-
Q17: The sum of marginal costs at any
Q18: Which of the following is a fixed
Q19: If marginal cost is above average cost,
Q21: Adam Smith used the term 'division of
Q22: Which of the following is not a
Q23: Which of the following defines organisational economies?
A)
Q24: The ability of a firm to diversify
Q25: The services that supply an industry are
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