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Author Question: Diminishing marginal returns relates to (Read 34 times)

K@

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on: May 25, 2020

Question 1

The costs that are influenced by output in the short run are
◦ total variable costs only.
◦ total fixed cost only.
◦ both total variable costs and total costs.
◦ total costs only.

Question 2

Diminishing marginal returns relates to
◦ the rate of change of marginal physical product.
◦ the change in average output in relation to a unit increase in the input.
◦ the way output increases less than proportionately to all inputs.
◦ the rate of substitution of one input for another.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by K@ on May 25, 2020

aloop

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Reply #1 on: May 25, 2020
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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K@

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

Chelseyj.hasty

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Reply 3 on: Yesterday
Excellent

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