A firm will begin to experience diminishing returns at the point where:
A、marginal cost increases.
B、marginal cost decreases.
C、marginal product increases.
D、both B and C
A、marginal cost increases.
B、marginal cost decreases.
C、marginal product increases.
D、both B and C
A、marginal cost is increasing.
B、marginal cost is positive.
C、average fixed costs are increasing.
D、all of the above
A、perfectly inelastic; vertical
B、perfectly elastic; horizontal
C、unitary elastic; slopping downward
D、the same as the market demand for the product; vertical
A、it will sell more output.
B、it will sell the same amount of output as before.
C、it will not be able to sell any output.
D、it will sell some output, but not as much as before.
A、and the demand curve facing the firm are identical.
B、is always above the demand curve facing the firm.
C、is always below the demand curve facing the firm.
D、intersects the demand curve when marginal revenue is minimized.
A、total cost to decrease.
B、profits to increase.
C、profits to decrease.
D、profits to remain unchanged.
A、$35,000.
B、$30,000.
C、$20,000.
D、$15,000.
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