Home » Economics » Average product is less than marginal product whenAverage product is less than marginal product when Average product is less than marginal product when A. there is constant returns to scale B. there is increasing returns to scale C. there is decreasing returns to scale D. diminishing returns set in Correct Answer: Option C Explanation Related Posts The organization whose aim is to solve the trade problems of less developed nations is Terms of trade simply means the price Inflation which is caused mainly increases in the prices of factors of production is described… A utility maximizing household will allocate its expenditure so that? One of the reason for an exceptional demand curve is the? The marginal productivity theory applies in a
