Exhibit 21-3

-The law of diminishing marginal returns states that as ever larger amounts of a variable input are combined with
A) fixed inputs, the marginal physical product of the variable input rises.
B) other variable inputs, the marginal physical product of the variable input declines.
C) fixed inputs, eventually the marginal physical product of the variable input declines.
D) other variable inputs, eventually the marginal physical product of the variable input declines.
Correct Answer:
Verified
Q96: If the "minimum efficient scale" in an
Q97: The law of diminishing marginal returns
A)is a
Q98: In the long run, if inputs are
Q99: Q100: Exhibit 21-3 Q102: Exhibit 21-3 Q103: Exhibit 21-5 Q104: Exhibit 21-5 Q105: The main difference between the short run Q106: Exhibit 21-3 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()
![]()
![]()
![]()