Describe the difference between a diminishing marginal product of labour and a negative marginal product of labour. Why would a profit-maximizing firm always choose to operate where the marginal product of labour is decreasing (but not negative)?

Question

Quizplus · Accepted Answer

The Answer of Describe the difference between a diminishing marginal product of labour and a negative marginal product of labour. Why would a profit-maximizing firm always choose to operate where the marginal product of labour is decreasing (but not negative)?

Describe the Difference Between a Diminishing Marginal Product of Labour