The law of diminishing marginal returns
a. explains why the average total cost and marginal cost curves are uminusshaped in the short run.
b. causes average total costs to rise at a decreasing rate as output increases.
c. explains why the average total cost, average fixed cost, and the marginal cost curves are uminusshaped in the short run.
d. causes the difference between average total cost and average variable cost to get smaller as output increases.]
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The law of diminishing marginal returns a. explains why the average total cost and marginal cost curves are uminusshaped in the short run. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Marketing strategy often passes through three stages. at which stage is a company started by an individual who visualizes an opportunity?
Answers (1)
For luxury carmakers, the lowest-end models in their product lines often represent only a small portion of their sales.
Answers (1)
Assume that when the price of good X is $5.00, the quantity demanded is 20 units. When the price is decreased to $3.00, the quantity demanded increases to 20 units. Under these circumstances, the demand is: A. elastic. B. unit elastic. C.
Answers (2)
Extracts from cost information of Hebar Corp.:Simple L3 Pack Complex L7 Pack Total Setup cost allocated using direct labor-hours $19,250 $5,750 $25,000 Setup cost allocated using setup-hours $13,400 $11,600 $25,000 Assuming that setup-hours is
Answers (1)
Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $23,000 respectively. Ending balances in these accounts were $10,500 and $30,000, respectively.
Answers (1)
New Questions in Business
Bank of the Atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually.
Answers (1)
Why does unoka consult the oracle? what does the oracle tell him?
Answers (1)
Which job title would be given to someone responsible for supervising production in a manufacturing setting?
Answers (1)
If a management team wishes to boost the company's stock price, then it should consider actions to
Answers (1)
On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.
Answers (1)