Diminishing marginal returns often arise because the
A) additional worker hired is lazier than the existing workers.
B) additional worker hired must share the same machines and workspace.
C) additional worker hired must be trained for a long period of time to use the machines and tools.
D) existing plant size and workplace is much too large.
E) existing plant is technologically behind the industrial average.
Correct Answer:
Verified
Q10: A profit-maximizing price taker must decide
A) only
Q11: The short run is defined as
A) one
Q12: Total revenue minus the sum of explicit
Q13: The long run is defined as
A) one
Q14: When the existing factory is becoming increasingly
Q16: The location of a firm will be
Q17: When some factors of production are fixed,equal-sized
Q18: A period in which at least some
Q19: A fixed factor of production
A) is fixed
Q20: Given a fixed amount of technology,machines,and work
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