Question

The law of diminishing returns states that as
A) the size of a plant increases, the firm's fixed cost increases.
B) the size of a plant increases, the firm's fixed cost decreases.
C) a firm uses more of a variable input, given the quantity of fixed inputs, the marginal product of the variable input eventually diminishes.
D) a firm uses more of a variable input, given the quantity of fixed inputs, the firm's average total cost will decrease eventually

Answer 1

Answer:

c) is the correct answer..

Answer 2

Answer:

hi

Explanation:

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