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Diminishing marginal returns occur when: a. each additional unit of a variable factor adds more to total output than the previous unit. b. an additional
Diminishing marginal returns occur when:
a. each additional unit of a variable factor adds more to total output than the previous unit.
b. an additional variable factor adds less to total output than the previous unit.
c. the marginal product of a variable factor is increasing, but at a decreasing rate.
d. all of the above are true.
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