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Author Question: Marginal cost eventually increases because A) of the law of diminishing returns. B) eventually ... (Read 116 times)

natalie2426

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on: Jun 29, 2018
Marginal cost eventually increases because
 
  A) of the law of diminishing returns.
  B) eventually each additional worker produces a successively smaller addition to output.
  C) the marginal product of the variable input eventually falls.
  D) All of the above answers are correct.

Question 2

A minimum wage set above the equilibrium wage rate has no effect.
 
  Indicate whether the statement is true or false


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lorealeza77

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

D

Answer to Question 2

FALSE


natalie2426

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Reply 2 on: Jun 29, 2018
:D TYSM

LVPMS

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Reply 3 on: Yesterday
Wow, this really help

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