When Diminishing Returns to Labor Begins

question 127

Multiple Choice

When diminishing returns to labor begins,

• A)average total cost starts to rise.
• B)total costs start to rise.
• C)variable costs start to rise.
• D)marginal cost starts to rise.
• E)average variable costs start to rise.

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Definitions:

Duty of Loyalty

A legal obligation requiring directors, officers, and agents of a corporation to act in the best interest of the corporation.

Duty of Care

A legal obligation requiring individuals to exercise a reasonable level of care while performing actions that could foreseeably harm others.

Business Location

The physical place where a company is situated or operates from, including offices, retail stores, or manufacturing facilities.

Tract of Land

A large, defined area of land, which can be used for farming, development, or conservation purposes.