Diminishing marginal returns are responsible for the positive slope of the marginal product curve.
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Q197: Use the following to answer question(s): Long-Run
Q198: Marginal product is the change is labor
Q199: When diseconomies of scale outweigh economies of
Q200: Firms seek to use factors in the
Q201: If marginal cost is above average total
Q203: If marginal cost is less than average
Q204: The total product curve indicates the quantity
Q205: Marginal cost must cross average variable cost
Q206: If marginal product is less than average
Q207: Diminishing marginal returns occurs when marginal product
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