In a business with decreasing returns, you initially get a high return on the marginal product produced but, as time passes, your costs increase with the volume you produce, leading to decreasing marginal returns.

Name: In a business with decreasing returns, you initially get a high return on the marginal product produced but, as time passes, your costs increase with the volume you produce, leading to decreasing marginal returns.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

The Answer is True

In a Business with Decreasing Returns, You Initially Get a High