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3. Assume that labor is the only variable input If a firm's short-run marginal cost is increasing a…
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3. Assume that labor is the only variable input If a firm #x27;s short-run marginal cost is increasing as output rises, which of the following must be true? (A Average product of labor is constant: B) Marginal product of labor is decreasing: Average product of labor is increasing: Total product of labor is decreasing:
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