As additional units of a variable input are added to one or more fixed inputs, the...
As additional units of a variable input are added to one or more fixed inputs, the marginal product of the variable input will:
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initially increase then decrease.
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initially increase and continue to increase.
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remain constant as long as production exhibits constant returns to scale.
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initially decrease and continue to decrease.
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initially decrease then increase.
Homework Answers
As more variable inputs are used on the fixed input, the marginal product of the variable input will initially increase and then decrease as the efficiency decreases.
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As additional units of a variable input are added to one or more
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the second question
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