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Which of the following best explains why a short run production function might exhibit increasing marginal returns? a. Because of the specialization of inputs b.
Which of the following best explains why a short run production function might exhibit increasing marginal returns? a. Because of the specialization of inputs b. Because when marginal product is less than average product, it causes average product to fall c. Because in the short run one input is fixed d. Because hiring more labor causes more output to be produced
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