________ marginal returns implies ________ marginal costs.
A) Diminishing; decreasing
B) Increasing; increasing
C) Diminishing; increasing
D) Increasing; constant

Question

Quizplus · Accepted Answer

Diminishing marginal returns imply increasing marginal costs because as the output from each additional unit of input decreases, the cost of producing each additional unit increases.

________ Marginal Returns Implies ________ Marginal Costs

Marginal Returns Implies Marginal Costs