Diminishing marginal returns are most compatible with:

Related MCQs

• The law of diminishing marginal returns is encountered as increasing amounts of labour are hired because:
• The law of diminishing returns only applies in cases where:
• Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …....
• According to the principle of diminishing marginal physical productivity, in the short run
• Which of the following statements describes increasing returns to scale:
• The marginal product of labor curve shows the change in total product resulting from:
• When marginal product reaches its maximum, what can be said of total product?
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• Whenever marginal product is declining with increasing use of an input,
• Whenever marginal product is increasing with increasing use of an input,