1
answer
1
watching
428
views

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.

For unlimited access to Homework Help, a Homework+ subscription is required.

Insha Fatima
Insha FatimaLv10
18 Nov 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Start filling in the gaps now
Log in