If a firm doubles its variable inputs while its fixed inputs remain unchanged, and output rises by less than double, what does this demonstrate?
- Adecreasing average cost
- Bdecreasing marginal cost
- Cdiminishing returns
- Ddiseconomies of scale
Economics 9708 · AS & A Level · Factors of production
If a firm doubles its variable inputs while its fixed inputs remain unchanged, and output rises by less than double, what does this demonstrate?