If diminishing returns exist,then
A)Each unit produced will cost incrementally less to produce.
B)Each unit produced will cost incrementally more to produce.
C)The total cost curve will be flat.
D)The total cost curve will be negatively sloped.

Question

Quizplus · Accepted Answer

Diminishing returns means that as more units are produced, the cost per unit increases, indicating that each additional unit produced costs incrementally more to produce.

If Diminishing Returns Exist,then