The "law" of diminishing returns rests on the "law" of variable input proportions.
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Q30: Production technology determines the relationship of total
Q31: If the price of one input changes,
Q32: If diminishing marginal returns are present for
Q33: If MRP > P, a firm should
Q34: Input proportions are usually fixed by technological
Q36: Most firms have very little flexibility in
Q37: Input choices in the present are often
Q38: Firms should use a resource up to
Q39: Cost minimization requires that a firm equate
Q40: A rise in the price of an
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