When does the law of diminishing returns apply?Select one:a.When there are diseconomies of scale.b.In the short run only.c.In the long run only.d.In both the short run and the long run.

State the law of diminishing returns

The law of diminishing returns implies that:a.a given percentage increase in all inputs leads to that same percentage increase in output.b.the proportional increase in output is larger than the underlying proportional increase in inputs.c.output increases at a rate less than the proportionate increase in inputs.d.none of these.

A decreasing total product indicate A. The concept of diminishing returns B. Law of variable proportion C. internal diseconomies of scale D. external diseconomies of scale

When the law of diminishing returns begins to operate, the TVC curve begins to. A. fall at an increasing rate B. rise at a decreasing rate C. fall at a decreasing rate D. rise at an increasing rate

When a firm doubles its inputs and finds that its output has more than doubled, it is known as _______________.a.economies of scaleb.constant returns to scalec.diseconomies of scaled.a violation of the law of diminishing returns