MCQOPTIONS
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| 1. |
If a production function exhibits diminishing marginal product the slope of the corresponding total-cost curve ? |
| A. | is liner (a straight line) |
| B. | could be any of these answers |
| C. | becomes steeper as the quantity of output increases |
| D. | become flatter as the quantity of output increases. |
| Answer» D. become flatter as the quantity of output increases. | |