________ imply that when a firm already has significant value built into its product offering, increasing value by a relatively small amount requires significant additional costs.
A) Efficiency matrixes
B) Diminishing returns
C) Cost plus curves
D) Strategy convex curves

Question

Quizplus · Accepted Answer

The efficiency frontier has a convex shape because of diminishing returns. Diminishing returns imply that when a firm already has significant value built into its product offering, increasing value by a relatively small amount requires significant additional costs.

________ Imply That When a Firm Already Has Significant Value