Law of diminishing returns

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Question

In the above figure the optimal degree of air cleanliness is less than 100 percent. the marginal cost curve slopes up because of the law of diminishing returns. Neither the optimal degree of air cleanliness is less than 100 percent nor the marginal cost curve slopes up because of the law of diminishing returns are correct. Both the optimal degree of air cleanliness is less than 100 percent and the marginal cost curve slopes up because of the law of diminishing returns are correct.

Reference no: EM133637499

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