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    Exam 18: The Markets for the Factors of Production
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    Diminishing Marginal Product Occurs When
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Diminishing Marginal Product Occurs When

Question 144

Question 144

Multiple Choice

Diminishing marginal product occurs when


A) the increases to total output are declining.
B) marginal product is decreasing.
C) total output is decreasing.
D) Both a and b are correct.

Correct Answer:

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