Diminishing marginal returns implies that:
A. marginal costs are decreasing.
B. marginal costs are increasing.
C. marginal costs are constant.
D. marginal costs may be increasing or decreasing.
Answer:B
Diminishing marginal returns implies that:
A. marginal costs are decreasing. B. marginal costs are increasing. C. marginal costs are constant. D. marginal costs may be increasing or decreasing.