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In the short run, a firm cannot vary its capital, but can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short...

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In the short run, a firm cannot vary its capital, but can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is

Answered Same Day Dec 25, 2021

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David answered on Dec 25 2021
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