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When a production function exhibits a diminishing but positive marginal product of labour, which scenario results? Select one: a. Profit generally increases as output increases.
When a production function exhibits a diminishing but positive marginal product of labour, which scenario results? Select one: a. Profit generally increases as output increases. b. Profit generally remains constant as output increases. c. Output declines as more workers are employed. d. Output increases, but at a decreasing rate, as more workers are employed
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