Solved: If a factor exhibits diminishing marginal product hiring, Microeconomics

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If a factor exhibits diminishing marginal product hiring

Question: If a factor exhibits diminishing marginal product, hiring additional units of the factor will

a. generate ever smaller amounts of output.

b. cause a reduction in output.

c. have no effect on output.

d. increase the marginal product of the factor.

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Microeconomics: If a factor exhibits diminishing marginal product hiring

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