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

Question

Quizplus · Accepted Answer

Diminishing returns means that as more and more units of a commodity are produced, the cost of producing an additional unit increases. This is due to factors such as limited resources or increased effort required to produce each unit. Therefore, each unit produced will cost incrementally more.

If Diminishing Returns Exist,then