Answer to Question #224686 in Economics for Beau

Question #224686

The law of diminishing marginal returns refers to the situation in which _______ eventually declines as more of the variable input is employed, given a certain amount of the fixed input.
A. average cost
B. average revenue
C. marginal cost
D. marginal product

Expert's answer

D. Marginal product

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. How long is "the short" run in economics? A. one year or less B. the time in which all
2. Goodwill cannot be said to depreciate”. Explain the statement.
3. How has South Africa dealt with floating exchange rate over the last one year?
4. how do you relate the concepts of scarcity oportunity cost and efficiency another and to the discipl
5. Egypt has a population of 100 million people, whereas Kenya has a population of 52 million people. B
6. From the given table calculate TR, MR and AR and highlight the relationship betweentotal revenue (TR
7. Differentiate between micro and macro economics

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…