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Title: Consider the following two scenarios:i)The marginal product of a worker in a firm is 10 units. When ... Post by: tuggy on May 22, 2017 Consider the following two scenarios:
i) The marginal product of a worker in a firm is 10 units. When an additional worker is employed, his marginal product is less than 10 units. ii) The average total cost of a firm producing 10 units of output is $200. When it produces an additional unit, the average total cost increases to $300. What is the difference between these scenarios? What could be the reason behind both phenomena occurring? Does specialization explain any of the above situations? Title: Re: Consider the following two scenarios:i)The marginal product of a worker in a firm is 10 units. ... Post by: lostein on May 22, 2017 Content hidden
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