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    Principles of Microeconomics Study Set 4
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    Exam 8: Production and Cost
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    The First of the Three Ranges of Production Is Characterized
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The First of the Three Ranges of Production Is Characterized

Question 93

Question 93

Multiple Choice

The first of the three ranges of production is characterized by _______ marginal returns.


A) increasing
B) constant
C) diminishing
D) negative

Correct Answer:

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