Which of the following is true for ? The law of diminishing returns applies to:
A. the short run only
B. the long run only
C. both the short and the long run
D. neither the short nor the long run
Answer:C
Which of the following is true for ? The law of diminishing returns applies to:
A. the short run only B. the long run only C. both the short and the long run D. neither the short nor the long run