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Suppose That There Are Diminishing Returns to Labour

Question 257

Multiple Choice

Suppose that there are diminishing returns to labour.If the _____ of labour hired by a firm increases,holding everything else constant,the _____ labour will _____.


A) price;demand for;increase
B) quantity;marginal product of;fall
C) quantity;marginal product of;rise
D) quantity;value of the marginal product of;rise

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