Which one of the following statements is correct? The law of diminishing returns applies to the long run only. According

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Which One Of The Following Statements Is Correct The Law Of Diminishing Returns Applies To The Long Run Only According 1 (76.42 KiB) Viewed 39 times

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Which one of the following statements is correct? The law of diminishing returns applies to the long run only. According to the law of diminishing returns, a firm can only expand production in the long run when all the factors of production are variable. According to the law of diminishing returns, a firm can expand production in the short run through the employment of additional fixed factors of production. The law of diminishing returns states that as more of a variable input is combined with ne or more fived innute