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Business, 21.11.2019 05:31 jilliynr9507

Consider the following statements when answering this question: i. if a firm employs only one variable factor of production, labor, and the marginal product of labor is constant, then the marginal costs of production are constant too. ii. if a firm employs only one variable factor of production, labor, and the marginal product of labor is constant, then short-run average total costs cannot rise as output rises. a. i is true, and ii is false. b. i is false, and ii is true. c. i and ii are both true. d. i and ii are both false.

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