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Graph 18-1 This Graph Represents the Value of Marginal

Question 165

Multiple Choice

Graph 18-1 Graph 18-1 This graph represents the value of marginal product for a firm that sells its product in a competitive market.Use the graph to answer the following question(s) . -Refer to Graph 18-1.The shape of the curve suggests the presence of: A) increasing returns to scale B) increased productivity with increased labour C) decreased productivity with decreased labour D) diminishing marginal product This graph represents the value of marginal product for a firm that sells its product in a competitive market.Use the graph to answer the following question(s) .
-Refer to Graph 18-1.The shape of the curve suggests the presence of:


A) increasing returns to scale
B) increased productivity with increased labour
C) decreased productivity with decreased labour
D) diminishing marginal product

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