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Author Question: A firm will begin to experience diminishing returns at the point where (Read 55 times)

kshipps

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on: Apr 19, 2019

Question 1

Marginal cost


◦ is the increase in total cost resulting from producing one more unit.
◦ is the average cost of production divided by output.
◦ equals the increase in 
AVC resulting from producing one more unit.
◦ always equals average cost.

Question 2

A firm will begin to experience diminishing returns at the point where


◦ marginal cost increases.
◦ marginal cost decreases.
◦ marginal product increases.
◦ Both marginal cost decreases and marginal product increases are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by kshipps on Apr 19, 2019

ntsoane kedibone

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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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kshipps

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

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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