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Q. The law of diminishing returns only applies in cases where:

Q. Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?

Q. If the short-run average variable costs of production for a firm are rising, then this indicates that:

Q. Which situation is consistent with the law of diminishing marginal utility?

Q. If you know that the marginal utility per rupees spent on product Alpha is less than the marginal utility per rupees spent on product Beta, consumers who spend all their income on these two products can:

Q. Which of the following is an example of strategic behaviour?

Q. If the marginal product of labour is below the average product of labour. It must be true that:

Q. Variable costs are:

Q. Which of the following is an example of a game theory strategy?

Q. ______ shows the overall output generated at a given level of input: