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Alexis Kovalyov
on Dec 08, 2024

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Refer to Figure 7.4. Diminishing marginal returns begin when the ________ worker is hired.

A) first
B) second
C) third
D) fifth

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit decreases beyond a certain point.

  • Acknowledge the beginning of reduced returns to labor efforts.
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Layaly AlghanimDec 14, 2024
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