The “law of diminishing returns” applies to :
A. the short-run, but not the long-run
B. the long-run, but not the short-run
C. both the short-run and the long-run
D. neither the short-run nor the long-run
Answer:A
The “law of diminishing returns” applies to :
A. the short-run, but not the long-run B. the long-run, but not the short-run C. both the short-run and the long-run D. neither the short-run nor the long-run