Figure 6.3
Fancy Footwear manufactures shoes. Figure 6.3 shows Fancy Footwear's marginal product of labour and average product of labour curves in the short run.
-Refer to Figure 6.3.For what quantity of labour does production display diminishing returns?
A) For more than 1 unit of labour
B) For more than 4 units of labour
C) For more than 5 units of labour
D) For more than 8 units of labour
Correct Answer:
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