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    Exam 11: Output and Costs
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    The Law of Diminishing Returns Implies That, with the Quantity
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The Law of Diminishing Returns Implies That, with the Quantity

Question 265

Question 265

Multiple Choice

The law of diminishing returns implies that, with the quantity of capital fixed, as the use of labor rises


A) total product will fall eventually.
B) the marginal product of labor will fall eventually.
C) the total product of labor will fall below the marginal product of labor.
D) the production process will become technologically inefficient eventually.

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