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Increasing marginal returns occur when the

Loraine

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Increasing marginal returns occur when the

Increasing marginal returns occur when the
A) average product of an additional worker is less than the average product of the previous worker.
B) marginal product of an additional worker exceeds the marginal product of the previous worker.
C) marginal product of labor is less than the average product of labor.
D) total output of the firm is at its maximum.
E) total product curve is horizontal.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 186 times

1 Reply

Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Loraine Author

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