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Author Question: The law of diminishing marginal returns (Read 52 times)

sdfghj

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on: Apr 19, 2019

Question 1

The short-run average total cost curve eventually begins to increase at an increasing rate because of


◦ economies of scale.
◦ the constraint that the firm cannot change production technologies.
◦ diminishing returns.
◦ increasing returns to scale.

Question 2

The law of diminishing marginal returns


◦ results in average variable cost (
AVC), average total cost (
ATC), and marginal cost
 (MC) curves eventually increasing at an increasing rate.
◦ results in 
MC but not 
ATC curves eventually increasing at an increasing rate.
◦ causes average fixed costs to decline continuously as output increases.
◦ causes the difference between average total cost and average variable cost to shrink as output increases.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by sdfghj on Apr 19, 2019

AaaA

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sdfghj

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

mochi09

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Reply 3 on: Yesterday
Wow, this really help

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