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MrsAngelD MrsAngelD
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6 years ago
Which of the following statements best summarizes the law of diminishing marginal returns?
A) In the short run, as more labor is hired, output diminishes.
B) In the short run, as more labor is hired, output increases at a diminishing rate.
C) In the short run, the amount of labor a firm will hire diminishes as output increases.
D) As more labor is hired, the length of time that defines the short run diminishes.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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SaHiN22SaHiN22
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6 years ago
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MrsAngelD Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Tim0301
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Yesterday
Thanks
jbag1237
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2 hours ago
this is exactly what I needed
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