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Which of the following statements is FALSE? A if MR exceeds MC, the firm should increase production B diminishing marginal product of labor leads to

Which of the following statements is FALSE? A if MR exceeds MC, the firm should increase production B diminishing marginal product of labor leads to increase in marginal cost of production C Increase in marginal product of labor increases the marginal cost of production D if MC exceeds MR, the firm should reduce production E ATC is falling if MC is less than ATC at a given level of production

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