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1.The law of decreasing (diminishing) returns states that as a firm uses more of a a.variable input, with a given quantity of fixed inputs, the
1.The law of decreasing (diminishing) returns states that as a firm uses more of a
a.variable input, with a given quantity of fixed inputs, the marginal product of the variable input eventually decreases
b.variable input, output will begin to fall immediately
c.fixed input, with a given quantity of variable inputs, the marginal product of the fixed input eventually decreases
d.variable input, total output will increase indefinitely
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