Homework Answers
Part A
Diminishing marginal return exist for all above answers
The diminishing marginal returns apply when a firm tries to improve output by using inputs.
Part B
Shift from PF1 to PF2
Increase labor hours leads to increase in productivity. This will shift the PF curve to up.
Part C
Increase; not change
Increase in demand for labor leads to increase the real wages.
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JUU: ON IL 19 01 5.1-20 Diminishing marginal returns do not exist for increases in O...
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I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
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Q2)
Q3)
Q4)
Q5)
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