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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
MCQ
Diminishing marginal returns implies:
  • A
    Decreasing average variable costs.
  • B
    Decreasing marginal costs.
  • ✓
    Increasing marginal costs.
  • D
    Decreasing average fixed costs.
✓

Answer

Correct option: C.
Increasing marginal costs.

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