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F 32 at point e in the above figure the marginal

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f.32)At pointein the above figure, the marginal product of labour definitely32)A)equals the average product of labour.B)is at its maximum.C)is greater than the average product of labour.D)is less than the average product of labour.
33)The steeper the slope of the total product curve, the33)
34)Increasing marginal returns to labour might occur at low levels oflabour input because of34)
35)In general, increasing marginal returns occur35)
36)"Diminishing marginal returns" refer to a situation in which the36)A)average product of the last worker hired is less than the averageproduct of the previous worker hired.B)average cost of the last worker hired is less than the average cost ofthe previous worker hired.C)marginal cost of the last worker hired is less than the marginal costof the previous worker hired.D)marginal product of the last worker hired is less than the marginalproduct of the previous worker hired.
37)The law of diminishing returns implies that, with the use of capitalfixed, as the use of labour rises,37)
38)The law of diminishing returns states that as38)

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Term
Winter
Professor
wegwegwegweg
Tags
Economics of production, Average cost, point d

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