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Which of the following is an example of diminishing marginal returns? A. The total output of a firm decreasing as more workers are hired B.
Which of the following is an example of diminishing marginal returns?
A.
The total output of a firm decreasing as more workers are hired
B.
The additional output produced by a firm decreasing as more workers are hired
C.
The revenue of a cell phone manufacturer decreasing when it increases its product price
D.
The profits of an entrepreneur increasing substantially after she fires a few of her employees
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