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Use the Following for Questions 37-43

question 129

Multiple Choice

Use the following for questions 37-43.
Exhibit: Total Product
Use the following for questions 37-43. Exhibit: Total Product    -(Exhibit: Total Product)  When hiring units of labor between zero and L₁ units of labor, which of the following statements is true? A)  The marginal product of labor is increasing. B)  The marginal product of labor is decreasing. C)  Total product is increasing at a diminishing rate. D)  None of the above statements is true.
-(Exhibit: Total Product) When hiring units of labor between zero and L₁ units of labor, which of the following statements is true?


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