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Author Question: The law of diminishing marginal returns results in average total cost eventually (Read 82 times)

laurencescou

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Question 1

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


◦ diseconomies of scale phenomena.
◦ a constraint that does not allow the firm to change its production technology.
◦ diminishing returns phenomena.
◦ increasing returns to scale to capital.

Question 2

The law of diminishing marginal returns results in average total cost eventually


◦ increasing at a decreasing rate
◦ decreasing at a decreasing rate.
◦ decreasing at an increasing rate.
◦ increasing at an increasing rate.


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Marked as best answer by laurencescou on Apr 19, 2019

peter

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laurencescou

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Reply 2 on: Apr 19, 2019
Excellent


nyrave

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Reply 3 on: Yesterday
Gracias!

 

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