Question: What causes diminishing returns to happen? Held Sov Multiple Choice Inefficiency in the production process. The use of inferior factors of production. Lower opportunity costs
What causes diminishing returns to happen?
Held
Sov
Multiple Choice
Inefficiency in the production process.
The use of inferior factors of production.
Lower opportunity costs of the factors of production.
A firm increases the amount of a variable input without changing a fixed input.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
