Which one of the statements is true? a. Diminishing returns is a ...

[Mr.Thesaxman]

Which one of the statements is true?
 a. Diminishing returns is a long-run concept while decreasing returns to scale is a short-run concept.
 b. Diminishing returns is a short-run concept while decreasing returns to scale is a long-run concept.
 c. Diminishing returns is a both short and long-run concept while decreasing returns to scale is a short-run concept.
  d. Diminishing returns is a long-run concept while decreasing returns to scale is a short and long-run concept.

Question 2

In the nonstrategic view of bargaining
 a. The first-mover usually gains more
 b. The second-mover usually gains more
 c. The third-mover usually gains more
 d. The outcome depends on which mover can commit to a strategy

[bblaney]

Answer to Question 1

b

Answer to Question 2

d

[Mr.Thesaxman]

Thanks for the timely response, appreciate it

[triiciiaa]

Gracias!