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Author Question: If diminishing marginal returns is in effect A) marginal costs fall. B) marginal costs rise. C) ... (Read 124 times)

khang

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on: Jun 30, 2018
If diminishing marginal returns is in effect
 A) marginal costs fall.
  B) marginal costs rise.
  C) average costs fall.
  D) average revenue is constant.

Question 2

Increasing returns means that
 A) each additional worker produces more than the worker before him/her.
  B) each additional worker costs less.
  C) marginal cost rises.
  D) technology is having a negative impact on production.


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sarahccccc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


khang

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  • Posts: 569
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cassie_ragen

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Reply 3 on: Yesterday
Excellent

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