"Diminishing Marginal Returns" Refer to a Situation in Which the

question 24

Multiple Choice

"Diminishing marginal returns" refer to a situation in which the

• A) average product of the next worker hired is less than the average product of the previous worker hired.
• B) marginal product of the next worker hired is less than the marginal product of the previous worker hired.
• C) average cost of the next worker hired is less than the average cost of the previous worker hired.
• D) marginal cost of the next worker hired is less than the marginal cost of the previous worker hired.