Which of the Following Is True at the Point Where

question 104

Multiple Choice

Which of the following is true at the point where diminishing returns set in?

• A) Both marginal product and marginal cost are at a maximum.
• B) Both marginal product and marginal cost are at a minimum.
• C) Marginal product is at a maximum and marginal cost at a minimum.
• D) Marginal product is at a minimum and marginal cost at a maximum.