In the short run, the point at which diminishing marginal returns to labor begin is the point at which the marginal cost curve
A) peaks.
B) bottoms out.
C) is upward sloping.
D) is downward sloping.
Answer: bottoms out.
In the short run, the point at which diminishing marginal returns to labor begin is the point at which the marginal cost curve
A) peaks.
B) bottoms out.
C) is upward sloping.
D) is downward sloping.
Answer: bottoms out.