7.1 Number of Truck Amount of Labor Total Output Average Product of Marginal Product Labor of Labor E State the law of diminishing marginal returns.
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7.1 Number of Truck Amount of Labor Total Output Average Product of Marginal Product
Labor of Labor E
State the law of diminishing marginal returns. How is it illustrated by the data in the table of the proceeding question? I
There is a proviso to this law that certain things be held constant: What are these? example of situation where
the law of diminishing marginal returns is not applicable because these "other things" are likely to vary. M
Consider your time spent studying as an input in the production of total points on an economic test. Assume that other inputs (what could Q be?) are not varied. Draw the total average and marginal product cures. Will
they have the general shapes shown in Figure 2.1 ? Why or why not.

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