Diminishing Marginal Product

question 106

Multiple Choice

Diminishing marginal product:

• A)causes the variable cost curve to become flatter.
• B)causes the variable cost curve to become steeper.
• C)has no relation to the variable cost curve.
• D)causes the fixed cost curve to become flatter.

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Definitions:

Automobile Industry

A sector of the economy focused on the manufacturing, designing, and selling of motor vehicles.