Question
1.The 'law of diminishing marginal returns' refers to the general tendency for average total cost to eventually diminish as more of the variable input is
1.The 'law of diminishing marginal returns' refers to the general tendency for average total cost
to eventually diminish as more of the variable input is employed, given the quantity of fixed inputs. true or false
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
