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Business, 21.11.2019 18:31 rachiegonzo7

Afirm's average cost increases as it increases its output by expanding its plant and hiring additional workers (its only inputs to production). the firm's owner blames the increase in per-unit costs on the law of diminishing marginal productivity. the owner's reasoning is:

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Afirm's average cost increases as it increases its output by expanding its plant and hiring addition...
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