The law of diminishing marginal returns shows the relationship between

inputs and outputs for a firm in the short run. More test answers on https://studyhippo.com/microeconomics-exam-3/

The slope of curve 1 first decreases then increases because of the Law of A. Marginal Analysis B. The Slope of Supply C. The Slope of Demand D. Diminishing Marginal Returns

D. Diminishing Marginal Returns More test answers on https://studyhippo.com/economics-module-3-practice-exam/

The law of diminishing marginal returns is caused by

the existence of a fixed input that must be combined with increasing amounts of the variable input More test answers on https://studyhippo.com/microeconomics-exam-3/

The law of diminishing marginal returns shows the relationship between: A) inputs and outputs for a firm in the long run. B) accounting and economic profits. C) inputs and outputs for a firm in the short run. D) short run inputs and long run outputs for a firm.

C More test answers on https://studyhippo.com/chapter-22-mylab-study-plan/

number or workers units of output 0 0 1 40 2 90 3 126 4 150 5 165 6 180 Refer to the above data. Diminishing marginal returns become evident with the addition of the:

third worker More test answers on https://studyhippo.com/microeconomics-unit-2-quizzes/

law of diminishing marginal returns

as each addition unit is added to fixed supply of other resources, total product will increase to a certain point. Then it will decrease and then become negative More test answers on https://studyhippo.com/law-of-diminishing-marginal-utility/

Diminishing marginal returns to labor-

-The marginal product of labor decreases as as more labor is hired. -> When the marginal product of labor is decreasing, we say that there are ________________. -Apply not just to labor but to any variable input -> In all kinds of production, if we keep increasing the quantity of any one input, while holding the others fixed __________________ will eventually set in. More test answers on https://studyhippo.com/microeconomics-final-chapts-7-9/

The law of diminishing marginal returns is caused by: A) insufficient amounts of the variable input. B) the existence of a fixed input that must be combined with increasing amounts of the variable input. C) poor quality fixed inputs. D) some workers performing poorly on the job.

B More test answers on https://studyhippo.com/chapter-22-mylab-study-plan/

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