The law of diminishing marginal product is reflected in a firm\'s short run prod

Question

The law of diminishing marginal product is reflected in a firm's short run production function and also several of its costs curves. The shapes of which cost curves reflect the law of diminishing marginal product? total cost, total variable cost, average variable cost, average total cost, and marginal cost total fixed cost, total variable cost, average variable cost, marginal cost, and average total cost total variable cost, average variable cost, average fixed cost, average total cost, and marginal cost O total cost, total variable cost, average fixed cost, marginal cost, and average variable cost

Explanation / Answer

Answer
Option first
The law of diminishing marginal return is reflected in all costs except the fixed cost and average fixed cost.
the costs increase because of diminishing returns.

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