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The law of diminishing returns A. explains why marginal cost eventually increases as output expands. B. implies that average fixed cost will remain unchanged as
The law of diminishing returns
A. explains why marginal cost eventually increases as output expands.
B. implies that average fixed cost will remain unchanged as output expands.
C. is true for physical production activities but not for activities such as studying.
D. applies to a capitalist economy but would be irrelevant if the means of production were owned by the state.
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