Diminishing marginal product suggests that
a. additional units of output become less costly as more output is produced.
b. marginal cost is upward sloping.
c. the firm is at full capacity.
d. adding additional workers will lower total cost.
b
Economics
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a. True b. False
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Taiwan exports tools to the United States. Consumers in Taiwan will probably pay a(n) ________ price for tools with free trade than they would with a closed economy.
A. somewhat lower B. lower C. more fair D. higher
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