The Law of Diminishing Marginal Returns Explains the General Shape

question 21

Multiple Choice

The law of diminishing marginal returns explains the general shape of the firm's

• A) long-run cost curves.
• B) short-run cost curves.
• C) both short-run and long-run cost curves.
• D) The law of diminishing returns has nothing to do with cost curves.

---

Definitions:

Trial

A formal examination of evidence by a judge, and typically a jury, in order to decide guilt in a case of criminal or civil proceedings.

Convicted

Found guilty of a crime by a court or as part of a legal process.

Damages in Defamation

Financial compensation awarded to a plaintiff in a defamation lawsuit for harm to reputation caused by false statements.

Special Proof

A requirement or obligation to present a heightened level of evidence in legal proceedings to establish a particular fact or claim.