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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Diminishing marginal returns implies:
  1. Decreasing average variable costs.
  2. Decreasing marginal costs.
  3. Increasing marginal costs.
  4. Decreasing average fixed costs.
✓

Answer

  1. Increasing marginal costs.

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