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Suppose Guy's Gizmo Company currently faces the short-run production function q=300L, where q is output and L is labor; L is the only input that

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Suppose Guy's Gizmo Company currently faces the short-run production function q=300L, where q is output and L is labor; L is the only input that varies in the short-run. This short-run production function does not "make sense" relative to the more common S-shaped production function because: O as Guy's uses increasing amounts of L, it never experiences gains to specialization. O regardless of how much labor Guy's uses, it never faces decreasing marginal produce of labor. O regardless of how much output Guy's produces, its marginal cost never decreases. O regardless of how much output Guy's produces, its average variable cost never changes as long as the price of L remains unchanged. O Each of the preceding statements is correct

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