The law of diminishing marginal product holds

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1. A decentralized organizational structure is more likely to further the cause of good strategy execution than is a centralized organization structure. True or false? Justify your answer.

2. Which of the following is TRUE for a firm in the long run?

a. Variable costs will initially increase and then decrease. b. The law of diminishing marginal product holds. c. All costs are variable costs. d. Variable costs will equal marginal cost at all output levels.

Reference no: EM131239600

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