Is it true that in a short-run production process, the marginal cost curve eventually slopes upward because

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Is it true that in a short-run production process, the marginal cost curve eventually slopes upward because firms have to pay workers a higher wage rate as they produce more output? Explain your answer.

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Economics for Managers

ISBN: 978-0132773706

3rd edition

Authors: Paul G. Farnham

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Question Posted: Dec 15, 2015 06:38 AM

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Is it true that in a short-run production process, the marginal cost curve eventually slopes upward because

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