If a production process exhibits diminishing returns, then as output rises:
A)average total cost will eventually decrease.
B)marginal cost will eventually increase.
C)total fixed cost will eventually increase.
D)total revenue will eventually decrease.

Question

Quizplus · Accepted Answer

Diminishing returns implies that the cost of producing an additional unit of output will eventually increase.

If a Production Process Exhibits Diminishing Returns, Then as Output