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Essays: Answer ONE and only 1 of the essay questions on this page - your choice. Be thorough and concise. (15 points) 1. You run

Essays:

Answer ONE and only 1 of the essay questions on this page - your choice. Be thorough

and concise. (15 points)

1. You run a craft beer company and this month when you hired 10 more units of labor, output

rose by 500 barrels. In the short run, if you hire another additional 10 units of labor will output

rise another 500 barrels? Explain.

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