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Holding provisions of specific factors model of international trade, explain why marginal product labor function is always diminishing. Select one - the most appropriate answer.
a. Both answers are correct. b. Both answers are wrong. c. Because the more labor is used in production the more labor becomes mobile thus making this factor less efficient. d. Because with each additional unit of labor used in production the volume of other factors remains unchanged and thus is used less efficiently.
Sagot :
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