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    Principles of Microeconomics
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    Exam 15: Wage Rates in Competitive Labor Markets
  5. Question
    The Law of Diminishing Returns States That as More Workers
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The Law of Diminishing Returns States That as More Workers

Question 3

Question 3

Multiple Choice

The law of diminishing returns states that as more workers are hired, beyond some point,


A) total output will fall
B) total cost will fall
C) marginal physical product will fall
D) total cost will rise
E) total output will rise

Correct Answer:

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