Multiple Choice
Based on the law of diminishing returns,if the number of workers increases and capital investments do not keep pace then,ceteris paribus:
A) Marginal physical product of labor will increase.
B) Marginal physical product of labor will decrease.
C) The production function will definitely shift upward.
D) The average total cost curve will definitely decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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