Fishermen in the Atlantic ocean in Nova Scotia are catching fewer fish and are having to fish many more hours to catch them. However, the  total number of fish caught in the ocean continues to increase. The ocean is experiencing increasing average returns. diminishing total returns. increasing marginal returns. constant marginal returns. diminishing marginal returns

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Q: 1. Diminishing marginal returns refers to a situation where the of the previous worker. less than…

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A: MC= (TCn -TCn-1)/Qn-Qn-1AC = TC/Q.

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A:

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