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Answer the following questions on the Scenario 4 Excel Worksheet- 1. Explain when increasing marginal...

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Economics

Answer the following questions on the Scenario 4 Excel Worksheet- 1. Explain when increasing marginal returns occurs. Explain whendiminishing marginal returns occurs. Explain when negative marginalreturns occurs. - 2. Answer the original questions you askedyourself, "You start hiring employees and come to realize that thefirst employees you hired were extremely productive, but everyadditional person you hired seemed to be less productive. Why doesthat occur? Are the last people you hired just lazy?"

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