Rising marginal costs are the result of:

Name: Rising marginal costs are the result of:
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The law of diminishing returns states that as more units of a variable input (such as labor) are added to a fixed input (such as capital), the marginal product of the variable input will eventually decline. This leads to rising marginal costs, as each additional unit of the variable input contributes less to output and therefore costs more per unit produced.

Rising Marginal Costs Are the Result Of