Which of the following statements of the law of diminishing marginal returns is correct ?

Question

Accepted Answer

As a firm uses more of a variable factor of production, with a given quantity of the fixed factor of production, the marginal product of the variable factor eventually diminishes.

Answer

As a firm uses more of a variable factor or production, the firm's total product eventually decreases.

Answer

As the increases its plant size, the marginal product of labour eventually decreases.

Answer

As a firm uses more of a variable factor of production, its average cost of production eventually decreases.

Answer

As the increases its plant size, the average cost of production eventually decreases.

Crowdly

Which of the following statements of the law of diminishing marginal returns is ...

Хочете миттєвий доступ до всіх перевірених відповідей на moodle.uleth.ca?