Suppose that the law of diminishing returns sets in
Suppose that the Law of Diminishing Returns sets in immediately (that is, there is no range of output over which the Division of Labor holds). What would the short run marginal cost, average cost and average variable cost curves look like? Explain.
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1 suppose we have the following utility function uxy x1nbspy9a what is the marginal utility of x what is the marginal
suppose that the law of diminishing returns sets in immediately that is there is no range of output over which the
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