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What is the law of diminishing returns?

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manhokwe tawanda
manhokwe tawandaLv10
21 Dec 2020
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Related questions

20) The marginal cost curve slopes downward at low outputs because of . The marginal cost curve eventually slopes upward because of A) greater specialization and division of labour; rising average fixed cost B) greater specialization and division of labour; the law of diminishing returns C) the law of diminishing returns; greater specialization and division of labour D) falling average fixed cost; the law of diminishing returns E) the law of diminishing returns; increasing average fixed cost

20) The marginal cost curve slopes downward at low outputs because of the marginal cost curve eventually slopes upward because of_ A) the law of diminishing returns; increasing average fixed cost B) the law of diminishing returns; greater specialization and division of labour C) greater specialization and division of labour; the law of diminishing returns D) falling average fixed cost; the law of diminishing returns E) greater specialization and division of labour; rising average fixed cost

Why is it important for a company to follow the law of diminishing returns to maximize profits? And utilizing the law of diminishing returns when should a company stop producing?

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