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QUESTION BELOW Write TRUE or FALSE after the number of each statement (11) - (16): 11) A production function shows the amounts of OUTPUT a

QUESTION BELOW

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Write TRUE or FALSE after the number of each statement (11) - (16): 11) A production function shows the amounts of OUTPUT a firm can produce using different amounts of inputs. 12) Increasing marginal returns is always caused by specialization of labor. 13) If the marginal product of a worker is POSITIVE, it means total product is FALLING. 14) Total product keeps FALLING so long as each added worker has a POSITIVE marginal product.. 15) In the short run, the firm's supply curve is its AVERAGE cost curve. 16) In the short run, average fixed cost keeps FALLING as the firm increases its quantity of output

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