The Law of Diminishing Marginal Returns

question 188

Multiple Choice

The law of diminishing marginal returns

• A) explains why the average total cost and marginal cost curves are U-shaped in the short run.
• B) explains why the average total cost, average fixed cost and the marginal cost curves are U-shaped in the short run.
• C) causes average total costs to rise at a decreasing rate as output increases.
• D) causes the difference between average total cost and average variable cost to get smaller as output increases.

---

Definitions:

College Sports

Athletic competitions and activities organized and participated in by college or university students.

Dramaturgical Perspective

An approach to analyzing social interactions that likens them to performances in a theater, where individuals assume roles and manage impressions in front of others.

Social Role

The pattern of behavior that is expected of an individual in a specific social situation or within a specific social group.

Sincere Performance

Behaving in a manner that genuinely reflects one's feelings, attitudes, and intentions without deception.