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Author Question: Consider the following production and cost schedule for a firm. The first column shows the number of ... (Read 131 times)

lol1012

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on: Oct 12, 2022
Consider the following production and cost schedule for a firm. The first column shows the number of units of a variable factor of production employed by the firm.

Total Number of Units of the FactorTotal Number of Units of OutputPrice per Unit
of Output
1020$10
1144$10
1264$10
1378$10
1484$10
1586$10

TABLE 13-1

Refer to Table 13-1. Diminishing marginal returns are present for which units of the factor of production?
◦ 12th unit only
◦ 11th unit only
◦ 13th unit only
◦ 14th unit only
◦ units from 11 and above
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lol1012 on Oct 12, 2022

Marys

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lol1012

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

olderstudent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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