When the law of diminishing returns begins to operate, the TVC curve begins to:

CA Foundation · Business Economics · MTP · September 2024
When the law of diminishing returns begins to operate, the TVC curve begins to:
(A) A. fall at an increasing rate
(B) B. rise at a decreasing rate
(C) C. fall at a decreasing rate
(D) D. rise at an increasing rate

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. rise at an increasing rate

Topics: Theory of Production and Cost

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