According to the law of diminishing return in short run O as we hire more labors, while other inputs are fixed, the marginal product of exah extra labor will decrease O If we double all inputs, output will increase by less than double O If we double all inputs, output will decrease by more than double O If we double all inputs, output will increase by double

According to the law of diminishing return in short run O as we hire more labors, while other inputs are fixed, the marginal product of exah extra labor will decrease O If we double all inputs, output will increase by less than double O If we double all inputs, output will decrease by more than double O If we double all inputs, output will increase by double

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 10SQ

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