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    Managerial Economics and Strategy Study Set 2
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    Exam 5: Production
  5. Question
    The Law of Diminishing Marginal Returns
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The Law of Diminishing Marginal Returns

Question 2

Question 2

Multiple Choice

The law of diminishing marginal returns


A) implies that the marginal product of labor must fall.
B) requires using superior technology to increase output.
C) means that total output will always fall.
D) None of the above.

Correct Answer:

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