问题


There is a single choice question about high school microeconomics. Answer the question by replying A, B, C or D.
Question: The Law of Diminishing Marginal Returns is responsible for
A. AVC that first rises, but eventually falls, as output increases.
B. AFC that first rises, but eventually falls, as output increases.
C. MP that first falls, but eventually rises, as output increases.
D. MC that first falls, but eventually rises, as output increases.
Answer:

答案

模型 模型答案 正确答案
金声玉亮2.0

D. MC that first falls, but eventually rises, as output increases.

Explanation: The Law of Diminishing Marginal Returns states that as the quantity of a variable input (such as labor) is increased, while holding other inputs constant, the marginal product of that input will eventually decrease. This leads to an increase in marginal cost (MC) as output increases, as the additional units of output become more expensive to produce. Therefore, the correct answer is D.

Note: AVC stands for average variable cost, AFC stands for average fixed cost, MP stands for marginal product, and MC stands for marginal cost.
D
deepseekr1

The Law of Diminishing Marginal Returns states that as more units of a variable input are added to fixed inputs, the marginal product (MP) of the variable input eventually decreases. This principle impacts costs as follows:

- **Option A** (AVC first rises then falls): Incorrect. AVC is U-shaped, initially falling due to increasing efficiency and later rising due to diminishing returns. It does not first rise and then fall.
- **Option B** (AFC first rises then falls): Incorrect. AFC always declines as output increases because fixed costs are spread over more units.
- **Option C** (MP first falls then rises): Incorrect. MP initially rises (due to specialization) before diminishing returns cause it to fall. The description here is reversed.
- **Option D** (MC first falls then rises): **Correct**. Initially, increasing MP lowers marginal cost (MC). When diminishing returns set in, MP declines, causing MC to rise. This creates the characteristic U-shaped MC curve.

Answer: **D**
D
gpto1 D D
GPT-4o D. MC that first falls, but eventually rises, as output increases. D
llama3.1-70B-Instruct

D
D
llama3.1-405B-Instruct

D
D
DeepSeek-Coder-V2 D D
Qwen2-72B-Instruct D. MC that first falls, but eventually rises, as output increases. D
baichuan4 D D
doubao D. MC that first falls, but eventually rises, as output increases.

The Law of Diminishing Marginal Returns leads to initially decreasing marginal cost but eventually increasing marginal cost as output expands.
D
minimax D. MC that first falls, but eventually rises, as output increases. D
kimi D. MC that first falls, but eventually rises, as output increases. D
wenxinyiyan D

The Law of Diminishing Marginal Returns states that as more and more units of a variable factor of production (like labor) are added to a fixed factor of production (like capital), the marginal product of the variable factor will eventually decline. This means that each additional unit of the variable factor will add less and less to total output.

This law is directly responsible for the shape of the marginal cost (MC) curve. Initially, as more units of the variable factor are added, marginal cost may fall due to specialization and efficient use of the fixed factor. However, as more and more units are added, the efficiency gains are offset by the diminishing marginal returns, and marginal cost begins to rise.

Therefore, the correct answer is D: MC that first falls, but eventually rises, as output increases.
D
zhipu D

The Law of Diminishing Marginal Returns states that as additional units of a variable input (like labor) are added to a fixed input (like capital), the additional output (marginal product) produced by each additional unit of the variable input will eventually decrease. This typically leads to a marginal cost (MC) that first falls as efficiency initially increases but eventually rises as diminishing marginal returns set in.
D
gpto1 D D