The output where diminishing returns to production begin is also the output where
A. marginal cost is at a minimum
B. average total cost is at a minimum
C. average variable costs is at a minimum
D. marginal and average cost intersects.
Answer:A
The output where diminishing returns to production begin is also the output where
A. marginal cost is at a minimum B. average total cost is at a minimum C. average variable costs is at a minimum D. marginal and average cost intersects.