Solved

Exhibit 6-1 Production of Pizza Data Exhibit 6-1 Shows the Change in the Short-Run Production of |

Question 21

Multiple Choice

Exhibit 6-1 Production of pizza data  Workers  Pizzas 0014210315418519\begin{array} { | c | c | } \hline \text { Workers } & \text { Pizzas } \\\hline 0 & 0 \\1 & 4 \\2 & 10 \\3 & 15 \\4 & 18 \\5 & 19 \\\hline\end{array} Exhibit 6-1 shows the change in the short-run production of pizzas as more workers are hired. The table shows the marginal product of the labor input is decreasing with the hiring of the third worker. A possible reason for this diminishing marginal product is:


A) decreases in labor productivity.
B) increases in plant size.
C) decreases in fixed cost.
D) increased division of labor as additional workers are hired.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents