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Before answering this question, I detect for plagiarism. Please provide references and answer the question with original answers for better understanding, not copy-and-paste Sarah owns
Before answering this question, I detect for plagiarism. Please provide references and answer the question with original answers for better understanding, not copy-and-paste
Sarah owns a bakery that has four ovens, one full-time exempt administrative employee, and eight part-time hourly bakers.
- Distinguish between the short run and the long run. What will differentiate the short run and the long run?
- Describe fixed inputs and variable inputs. Which inputs are fixed and which are variable in Sarah's bakery?
- Why would marginal productivity decline after a certain level of production?
- How can this problem of diminishing returns or marginal productivity be reduced or removed?
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