Multiple Choice
To produce 150 units of output, a firm must use 3 employees per day. To produce 300 units of output, the firm must use 8 employees per day. Apparently, the firm is:
A) producing in the long run.
B) experiencing diminishing returns.
C) not using any fixed factors of production.
D) experiencing negative returns.
Correct Answer:
Verified
Correct Answer:
Verified
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