Question
At that amount of output where diminishing marginal returns first sets in, a)average product begins to decrease. b)total product begins to decrease c).marginal cost begins
At that amount of output where diminishing marginal returns first sets in,
a)average product begins to decrease.
b)total product begins to decrease
c).marginal cost begins to decrease
d).marginal product begins to decrease.
e)average product is at its maximum.
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
