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Home Q & A Board Other Fields Homework Help Business Economics
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apadong apadong
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6 years ago
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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DeToXiFYDeToXiFY
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6 years ago
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apadong Author
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6 years ago
Helped a lot
macbookpro1
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Yesterday
Thanks for your help!!
bkrandy
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2 hours ago
this is exactly what I needed
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