In general, diminishing returns occur:

a. as output expands in the early part of production.

b. as output expands at higher levels of output.

c. through the entire range of production.

d. when marginal product is rising.

Similar Questions
  1. A firm has the following short-run production function:Q = 100L + 10L2 - 0.7L3 Where Q = quantity of output per week; L = Labor
    1. answers icon 3 answers
  2. When do diminishing marginal returns occur?when additional workers increase total output at a decreasing rate when some workers
    1. answers icon 1 answer
  3. Diminishing marginal returns __________.occur when each additional worker hired is becoming more productive than the previous
    1. answers icon 1 answer
  4. Diminishing marginal returns __________.hold true when “capital is fixed” is a key assumption occur in the long run occur
    1. answers icon 1 answer
more similar questions