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According to the law of diminishing marginal returns Multiple Choice employing additional inputs will diminish total product. the additional inputs necessary to produce an additional
According to the law of diminishing marginal returns Multiple Choice employing additional inputs will diminish total product. the additional inputs necessary to produce an additional unit of output will diminish. total product will fall and then rise as additional units of an input are employed. the additional product generated by additional units of an input will eventually diminish
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
