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The diminishing marginal product explains why, as a firm’s output increases.
a. the production function and total-cost curve both get steeper
b. the production function and total-cost curve both get flattered
c. the production function gets steeper, while the total-cost curve gets flatter.
d. the production function gets flatter, while the total-cost curve gets steeper.
The diminishing marginal product explains why, as a firm’s output increases.
a. the production function and total-cost curve both get steeper
b. the production function and total-cost curve both get flattered
c. the production function gets steeper, while the total-cost curve gets flatter.
d. the production function gets flatter, while the total-cost curve gets steeper.
Insha FatimaLv10
18 Nov 2020