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7 October, 01:42

We assume that when a firm hires additional workers, the marginal physical product of labor will:

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  1. 7 October, 02:25
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    WE assume that when a firm hires additional workers, the marginal physical product of labor will decrease. Why? Because more people will be added in a certain firm. Thus the resources will be divided to more people now and the money will also be divided to them
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