A firm faces diminishing returns when its
...A firm faces diminishing returns when its
Total output diminishes
Average output diminishes
Marginal output diminishes
Marginal revenue diminishes
Correct answer is C
No explanation has been provided for this answer.
GNP is not a good measure of social welfare because there are unrecorded ...
By balance of visible trade we mean? ...
Which of the following is not an indicator of economic growth? ...
The main differences between money market and capital market is that money markets ...
Expenditure by foreign tourist in a country will be recorded as ...