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31 March, 19:51

When an additional unit of a variable input adds less to total product than the previous unit, the firm has:

diminishing total returns.

diminishing marginal returns and diminishing total returns.

diminishing marginal returns.

increasing returns.

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Answers (1)
  1. 31 March, 19:54
    0
    The answer is diminishing marginal returns.

    Explanation:

    Because, each additional unit of a good adds less to utility than the previous.
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