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thanhha78 thanhha78
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A firm produces its product using both capital and labor. When it does not change its capital usage, but doubles its labor input, its output increases by less than 50%. Which of the following is the most likely explanation of this finding?
A) the principle of opportunity cost
B) the marginal principle
C) the principle of diminishing returns
D) the spillover principle
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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thanhha78 Author
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7 years ago
can't thank you enough for this, appreciate it a lot
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