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A firm faces diminishing returns when its?
Classroom
Economics Classroom
Jamb
Jamb 1993
Theory Of Costs And Revenue
The Concepts Of Cost
More Topics
A firm faces diminishing returns when its?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Total output diminishes
B
Average output diminishes
C
Marginal output diminishes
D
Marginal revenue diminishes
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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