Diminishing marginal product suggests that:
A: Additioanl units of output become less costly as more output is produced.
B: Marginal cost is upward-sloping.
C: The firm is at full capacity
D: All of the above are correcr
I am not sure how to answer this one?
Would B be the best answer? A,C, and D don't seem to be correct.
1 answer
I too would go with B