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Author Question: Which of the following statements best summarizes the law of diminishing marginal returns? A) In ... (Read 62 times)

james

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on: Jul 1, 2018
Which of the following statements best summarizes the law of diminishing marginal returns?
 
  A) In the short run, as more labor is hired, output diminishes.
  B) In the short run, as more labor is hired, output increases at a diminishing rate.
  C) In the short run, the amount of labor a firm will hire diminishes as output increases.
  D) As more labor is hired, the length of time that defines the short run diminishes.

Question 2

The slope of the total product curve always equals
 
  A) the ratio of the marginal product and the average product.
  B) the change in input divided by the change in output.
  C) the average product of the input.
  D) the marginal product of the input.
Microeconomics ¦ Perloff ¦ 8th Edition
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k.lashomb

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Reply #1 on: Jul 1, 2018
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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james

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Bigfoot1984

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Reply 3 on: Yesterday
:D TYSM

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