Multiple Choice
Increasing marginal returns to labour might occur at low levels of labour input because of
A) increasing average costs.
B) decreasing use of machinery and increasing use of technology.
C) differing factor proportions.
D) increasing specialisation of tasks.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Tudor's Deli and Catering could have sold
Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above figure
Q32: When a firm experiences economies of scale,
Q33: When long- run average cost decreases as
Q35: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q36: The above table shows the total product
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Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the figure