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You have been provided with the following information for a farm producing potatoes in the short run. The output is measured in the number of
You have been provided with the following information for a farm producing potatoes in the short run. The output is measured in the number of potatoes produced per hour. Complete the average product and marginal product columns. At which point does the law of diminishing returns set in?
a) fourth unit of labour
b) fifth unit of labour
c) sixth unit of labour
d) seventh unit of labour
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