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The law of diminishing marginal productivity predicts that marginal costs will rise as additional workers are hired to increase output. This is particularly applicable to
The law of diminishing marginal productivity predicts that marginal costs will rise as additional workers are hired to increase output. This is particularly applicable to the production of tangible goods and most services. Question: Do you think that technology companies that provide digital services (Facebook, Google, Twitter, etc.) have upward sloping marginal cost curves? Why or why not
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