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From my understanding, in the short term, the marginal product of labour is less than the average product of labour, the reason is mpl tends
From my understanding, in the short term, the marginal product of labour is less than the average product of labour, the reason is mpl tends to be high in the beginning. In the long run, the situation reversed , If my intepretation is correct, please elaborate with more explanations and with graphs if possible, thank you
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