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Diminishing Marginal Product of Labor Occurs When Adding Another Unit

question 221

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Diminishing marginal product of labor occurs when adding another unit of labor

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Definitions:

Merchant

An individual or business engaged in the selling of goods, especially on a large scale or with specialized knowledge.

Occupation

A person's principal job or business, especially as a means of earning a living.

Usage Of Trade

Established customs and practices in a particular industry that are considered to be an understood part of business agreements.

Sequence

An ordered list or arrangement of items, events, or actions following a specific logical or systematic pattern.

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