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Figure 73 Fancy Footwear Manufactures Shoes

Question 155

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Figure 7.3 Figure 7.3   Fancy Footwear manufactures shoes.Figure 7.3 shows Fancy Footwear's marginal product of labour and average product of labour curves in the short run. -Refer to Figure 7.3.For what quantity of labour does production display diminishing returns? A) For more than 1 unit of labour B) For more than 4 units of labour C) For more than 5 units of labour D) For more than 8 units of labour Fancy Footwear manufactures shoes.Figure 7.3 shows Fancy Footwear's marginal product of labour and average product of labour curves in the short run.
-Refer to Figure 7.3.For what quantity of labour does production display diminishing returns?


A) For more than 1 unit of labour
B) For more than 4 units of labour
C) For more than 5 units of labour
D) For more than 8 units of labour

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