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Author Question: As the quantity of labor employed decreases, the value of marginal product diminishes. Indicate ... (Read 53 times)

serike

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on: Jun 29, 2018
As the quantity of labor employed decreases, the value of marginal product diminishes.
 
  Indicate whether the statement is true or false

Question 2

Consider the market for cable television in the figure above. This graph depicts a natural monopoly because the
 
  A) marginal cost curve is constant.
  B) demand curve is downward sloping.
  C) average cost curve is declining as it crosses the demand curve.
  D) marginal revenue curve is downward sloping.


ashely1112

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


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serike

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Reply #2 on: Jun 29, 2018
Correct answers!


ashely1112

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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