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10. Consider the truthfulness of the following statement. I. When total product increases with labor at a decreasing rate, marginal product of labor is negative.
10. Consider the truthfulness of the following statement. I. When total product increases with labor at a decreasing rate, marginal product of labor is negative. ll. lf total product of labor is increasing, marginal product of labor must be increasing too. a. Only statement I is true. h. Only statement 11 is true. c. Both statements are true. d. Neither statement is true
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