答案如下
Based on the concept of diminishing returns, as the quantity of output increases, the costs of production: A) rise at a decreasing rate. B) fall at an increasing rate. C) fall at a decreasing rate. D) rise at an increasing rate.
Your answer: D was correct! The law of diminishing returns states that as more resources are devoted to a production process, output will increase at a decreasing rate. Further, as the quantity produced rises, costs rise at an increasing rate.
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