In the short run,the point at which diminishing marginal returns to labor begin is the point at which the marginal cost curve
A)peaks.
B)bottoms out.
C)is flat.
D)is downward sloping.

Question

Quizplus · Accepted Answer

In the short run, diminishing marginal returns to labor begin at the point where the marginal cost curve bottoms out. This is because as additional units of labor are added, the cost of producing one more unit of output (marginal cost) starts to increase after reaching a minimum point, reflecting the diminishing productivity of additional labor inputs.

In the Short Run,the Point at Which Diminishing Marginal Returns