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Which of the following is TRUE about the long run? All resources are variable All resources are fixed At least one resource is fixed None
Which of the following is TRUE about the long run? All resources are variable All resources are fixed At least one resource is fixed None of the aboveThe marginal productivity of labor will eventually decrease as more workers are employed because average product is increasing the amount of capital will also be increasing on the average each worker will have fewer inputs to work with total product is decreasing
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