The law of diminishing marginal returns is seen in the
A) calendar year.
B) short run.
C) long run.
D) market horizon.
Correct Answer:
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Q4: Average fixed costs
A)are always rising with increases
Q5: Which of the following pair of terms
Q6: The law of marginal diminishing returns
A)is found
Q7: According to the book, which air bag
Q8: Costs are related to output because
A)output is
Q10: In large companies it is often the
Q11: If marginal costs are rising
A)total fixed costs
Q12: If marginal cost is rising
A)marginal product in
Q13: The shape of the costs curves may
Q14: The period of time over which all
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