Diminishing marginal returns to labor means
A) that each additional worker costs more.
B) that each additional worker produces less than the previous worker.
C) that each additional worker costs less.
D) that total product grows at a constant rate when workers are added to production.
Correct Answer:
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Q12: Entrepreneurs
A)and managers are found on the same
Q13: Information
A)is difficult to own.
B)is never a separate
Q14: One of the results of the knowledge
Q15: If a knowledge worker knows more than
Q16: An organization with hierarchy
A)is needed to define
Q18: Workers who deal with information are generally
Q19: If diminishing marginal returns is in effect
A)marginal
Q20: Some products of the knowledge economy
A)have an
Q21: Intellectual property rights are difficult to protect.
Q22: Knowledge workers are becoming more common relative
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