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Business, 03.12.2019 03:31 alexusnicole817

After reviewing the law of diminishing marginal returns, an economist would correctly conclude that in the short run: total production must fall after a certain point. price must fall after a certain point on the production function. the additional output of labor will eventually decrease as more workers are hired. wages of workers must eventually increase. the total cost will eventually fall after enough workers have been employed.

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After reviewing the law of diminishing marginal returns, an economist would correctly conclude that...
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