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The law of diminishing marginal returns

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7 years ago

The law of diminishing marginal returns

The law of diminishing marginal returns
A) causes the difference between average total cost and average variable cost to shrink as output increases.
B) results in average variable cost (AVC), average total cost (ATC) ,and marginal cost (MC) curves eventually increasing at an increasing rate.
C) causes average fixed costs to decline continuously as output increases.
D) results in MC but not ATC curves eventually increasing at an increasing rate.

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apadong Author

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7 years ago

Thank you, thank you, thank you!

macbookpro1

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Thanks

riptide

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Helped a lot

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