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pirex pirex
wrote...
Posts: 634
6 years ago
If a particular production process is subject to diminishing marginal returns to labor at every level of output, then at every level of output
A) AC is upward sloping.
B) MC exceeds AVC.
C) AFC is constant.
D) None of the above.
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Microeconomics

Microeconomics


Edition: 6th
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6 years ago
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