Beyond the sales level that achieves maximum profits,total costs rise at a slower rate than total revenue.

Name: Beyond the sales level that achieves maximum profits,total costs rise at a slower rate than total revenue.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Beyond the sales level that achieves maximum profits, total costs rise at a faster rate than total revenue due to the law of diminishing returns. This leads to a decrease in profit margins and eventually, losses.

Beyond the Sales Level That Achieves Maximum Profits,total Costs Rise