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Diminishing marginal product occurs whenever: a business is operating inefficiently, resulting in high per-unit costs. b. the quality of the available labour pool deteriorates and
Diminishing marginal product occurs whenever:
a business is operating inefficiently, resulting in high per-unit costs.
b. the quality of the available labour pool deteriorates and production costs rise.
c. a business becomes so large that it is unwieldy to manage and productivity declines.
d. additional workers add less to output than did the workers who came before.
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