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

[answerhappygod]

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 38 times

Please assist on answering the questions below
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