Multiple Choice
Increasing marginal returns to labor might occur at low levels of labor input because of
A) increasing average costs.
B) differing factor proportions.
C) increasing specialization of tasks.
D) decreasing use of machinery and increasing use of technology.
Correct Answer:
Verified
Correct Answer:
Verified
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Q184: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q185: Marginal cost is calculated as<br>A) total cost
Q186: Economists define the short run as a
Q187: When the marginal product of labor is
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Q191: The law of diminishing marginal returns says
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