Which of the following is not true about the law of diminishing returns?
a. It is a short run phenomenon.
b. It refers to diminishing marginal product.
c. It will have an impact on the firm's marginal cost.
d. It divides Stage I and II of the production process.
e. All of the above are true.© BrainMass Inc. brainmass.com December 20, 2018, 12:23 am ad1c9bdddf