If a firm experiences decreasing marginal product of labour with the addition of each worker beginning with

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If a firm experiences decreasing marginal product of labour with the addition of each worker beginning with the first worker, then regardless of the level of output, average total cost will always rise.

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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Posted Date: Nov 30, 2018 09:32 AM

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Microeconomics

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