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Question 10 According to the law of diminishing return in short run O If we double all inputs, output will decrease by more than double O If we double all inputs, output will increase by less than double O If we double all inputs, output will increase by double O as we hire more labors, while other inputs are fixed , the marginal product of exah extra labor will decrease

Question 10 According to the law of diminishing return in short run O If we double all inputs, output will decrease by more than double O If we double all inputs, output will increase by less than double O If we double all inputs, output will increase by double O as we hire more labors, while other inputs are fixed , the marginal product of exah extra labor will decrease

ECON MICRO
ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 3.7P
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Question 10 According to the law of diminishing return in short run O If we double all inputs, output will decrease by more than double O If we double all inputs, output will increase by less than double O If we double all inputs, output will increase by double O as we hire more labors, while other inputs are fixed , the marginal product of exah extra labor will decrease
Transcribed Image Text:Question 10 According to the law of diminishing return in short run O If we double all inputs, output will decrease by more than double O If we double all inputs, output will increase by less than double O If we double all inputs, output will increase by double O as we hire more labors, while other inputs are fixed , the marginal product of exah extra labor will decrease
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