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Author Question: Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired. A) ... (Read 50 times)

Bernana

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on: Jun 29, 2018
Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired.
 
  A) 2nd
  B) 3rd
  C) 4th
  D) None of the above; the production function displays increasing marginal returns.

Question 2

If the market price is 40, the average revenue of selling five units is
 
  A) 8. B) 20. C) 40. D) 200.


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parshano

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

B

Answer to Question 2

C


Bernana

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Reply 2 on: Jun 29, 2018
Excellent

nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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