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    Exam 8: Producers in the Long Run
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    In the Long Run,the Law of Diminishing Marginal Returns
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In the Long Run,the Law of Diminishing Marginal Returns

Question 1

Question 1

Multiple Choice

In the long run,the law of diminishing marginal returns


A) is not relevant because there are no fixed factors of production.
B) is exactly the same as in the short run.
C) does not hold because technology is a variable.
D) does hold,regardless of production process.
E) sometimes holds,depending on the production process.

Correct Answer:

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