Solve
Guides
Join / Login
Use app
Login
0
You visited us
0
times! Enjoying our articles?
Unlock Full Access!
Standard XII
Economics
Question
The "law of diminishing returns" applies to _________________.
short run, but not long run
long run, but not short run
both short run and long run
neither short run nor long run
A
neither short run nor long run
B
long run, but not short run
C
both short run and long run
D
short run, but not long run
Open in App
Solution
Verified by Toppr
The "Law of diminishing returns" is a part of law of variable proportion which applies to the short run, but not the long run.
Was this answer helpful?
0
Similar Questions
Q1
Land is a fixed factor in the short run. In the long run, it
.
View Solution
Q2
A monopoly firm can earn supernormal profit both in the short-run and long-run, because __________.
View Solution
Q3
Explain the concepts of the short run and the long run.