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Economy Quiz: less than 30 minutes 1) Which situation describes the increasing returns stage of the production function? a.Hiring one more tailor results in

Economy Quiz: less than 30 minutes 1) Which situation describes the increasing returns stage of the production function? a.Hiring one more tailor results in three more suits produced per hour. b.

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Reply to post with at least 200 words citation and reference Utility refers to the satisfaction and or enjoyment one receives from consuming a good. Marginal utility is the amount change of satisfacti

Reply to post with at least 200 words citation and reference Utility refers to the satisfaction and or enjoyment one receives from consuming a good. Marginal utility is the amount change of satisfaction from consuming one additional unit of good or service. (Hubbard & O’Brien, 2021). Between these two, marginal