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  3. Study Set
    Microeconomics
  4. Exam
    Exam 11: One Input and One Output: a Short-Run Producer Model
  5. Question
    In the One-Input Model, a Convex Producer Choice Set Implies
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In the One-Input Model, a Convex Producer Choice Set Implies

Question 1

Question 1

True/False

In the one-input model, a convex producer choice set implies an upward sloping marginal cost curve.

Correct Answer:

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