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Social Studies, 12.08.2020 20:01 Randomkid0973
Consider the following statements when answering this question
I. If a firm employs only one variable factor of production, labor, and the marginal product of labor is constant, then the marginal costs of production are constant too.
II. If a firm employs only one variable factor of production, labor, and the marginal product of labor is constant, then short-run average total costs cannot rise as output rises.
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Consider the following statements when answering this question
I. If a firm employs only one variab...
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