MCQOPTIONS
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| 1. |
_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling. |
| A. | Law of diminishing marginal product |
| B. | Law of variable proportions |
| C. | The Short Run |
| D. | The Long Run |
| Answer» C. The Short Run | |