True/False
Marginal product is the change in output divided by the change in the amount of an input used.
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Related Questions
Q2: The law of diminishing marginal returns says
Q3: Q4: The "short run" may vary in length Q5: Fixed inputs are those whose Q6: In the long run, Q8: Which of the following is most likely Q9: In a firm's planning horizon,the long run Q10: Variable inputs are those whose Q11: Consider a firm that needs one day Q12: ![]()
A)quantity changes as
A)at least one of
A)quantity changes as![]()
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