During the second stage of the law of diminishing marginal returns: Group of answer choices 1. marginal product and total product are maximum. 2. total product is decreasing. 3. marginal product and average product are decreasing. 4. average product is negative. Which of the following inputs are variable in the long run? Group of answer choices 1. Labor 2. All of the given answers 3. Capital and Equipment 4. Plant Size

During the second stage of the law of diminishing marginal returns: Group of answer choices 1. marginal product and total product are maximum. 2. total product is decreasing. 3. marginal product and average product are decreasing. 4. average product is negative. Which of the following inputs are variable in the long run? Group of answer choices 1. Labor 2. All of the given answers 3. Capital and Equipment 4. Plant Size

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 10SQ

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