Diminishing marginal returns refer to a situation in which the
Asked by admin @ in Economy viewed by 366 People
) "Diminishing marginal returns" refer to a situation in which the
A) average cost of the last worker hired is less than the average cost of the previous worker hired.
B) average product of the last worker hired is less than the average product of the previous worker hired.
C) marginal product of the last worker hired is less than the marginal product of the previous worker hired.
D) marginal cost of the last worker hired is less than the marginal cost of the previous worker hired.