Diminishing marginal product explains why, as a firms output increases, a the production function and total cost

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Diminishing marginal product explains why, as a firm’s output increases, a the production function and total cost curve both get steeper b the production function and total cost curve both get flatter c the production function gets steeper, while the total cost curve gets flatter d the production function gets flatter, while the total cost curve gets steeper

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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